Friday, 24 March, 2023

SBI has revised IMPS charges from Feb 1

<p>IMPS is a popular payment service provided by banks to allow real-time inter-bank fund transfer which is available 24 X 7 including on Sundays and holidays. State Bank of India has announced that it has increased the IMPS limit for money transfers done at its bank branches. According to the SBI website, effective from February 1, 2022, a new slab for IMPS transactions has been added: Rs 2L to Rs 5L. The charges for sending money via IMPS for the same will be Rs 20 plus GST.</p>