If you transfer money through internet or mobile banking then this news is important for you. The country’s big banks have decided to impose transaction charges on IMPS (Immediate Payment Service). Earlier, where most banks used to provide this facility for free, now from August 2025, a charge will have to be paid for it.
What is IMPS?
IMPS i.e. Immediate Payment Service is a real-time payment service run by NPCI i.e. National Payment Corporation of India. Through this, you can send money instantly 24×7. Its maximum limit is Rs 5 lakh per transaction. SMS and IVR are not included in this.
Now if you send money through IMPS, keep in mind that different banks will have different charges. The charge is less for small amounts, but it can go up to Rs 20 for large amounts. Therefore, before making a transaction, definitely check the rules of your bank.
SBI – State Bank of India new charges
SBI has imposed charges on online IMPS from 15th August 2025.
Rs 25,000 to Rs 1,00,000: Rs 2 + GST
Rs 1,00,000 to Rs 2,00,000: Rs 6 + GST
Rs 2,00,000 to Rs 5,00,000: Rs 10 + GST
Earlier all these transactions were absolutely free.
Canara Bank new charges
Up to Rs 1,000: No charges
Rs 1,000 – Rs 10,000: Rs 3 + GST
Rs 10,000 – Rs 25,000: Rs 5 + GST
Rs 25,000 – Rs 1,00,000: Rs 8 + GST
Rs 1,00,000 – Rs 2,00,000: Rs 15 + GST
Rs 2,00,000 – Rs 5,00,000: Rs 20 + GST
Punjab National Bank new charges
Up to Rs 1,000: No charges
Rs 1,001 – Rs 1,00,000:
From Branch: Rs 6 + GST
Online: Rs 5 + GST
Above Rs.1,00,000:
From Branch: Rs 12 + GST
Online: Rs 10 + GST
HDFC Bank’s new charges (effective from 1 August 2025)
Up to Rs 1,000:
Regular customer: Rs 2.50
Senior Citizen: Rs 2.25
Rs 1,000 – Rs 1,00,000:
Regular: Rs 5
Senior Citizen: Rs 4.50
Above Rs.1,00,000:
Regular: Rs 15
Senior Citizen: Rs 13.50
HDFC Gold and Platinum account holders will not have to pay any charges.
