Hey pal,
I use the IMPS facility frequently to transfer funds, so I know what is charge of IMPS money transfer. IMPS charges largely depend on the amount that’s being transferred along with the policies of the bank. However, the normal IMPS charges range from Rs. 2.50 to Rs. 25.00 for amounts of Rs. 10000 to Rs. 5 lacs. Let me tell you about the IMPS charges for some of the top banks in India:
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Bank of Baroda IMPS Charges
Transaction Amount |
Service Charges via Branch (excluding GST) w.e.f. 20-06-2019 |
Service Charges via Digital Channels (excluding GST) |
Up to 1,000 |
2.50 |
2.50 |
1001 – 25000 |
5.00 |
5.00 |
25001 – 100000 |
7.50 |
10.00 |
100001 - 200000 |
15.00 |
20.00 |
200001 – 500000 |
20.00 |
25.00 |
SBI IMPS Charges
The State Bank of India has waived off the fee to carry out all IMPS transactions. So, you don’t need to pay any fee on your IMPS transactions.
PNB IMPS Charges
IMPS charges for the customers of Punjab National Banks are among the lowest as the bank charges only Rs. 5 for transactions up to Rs. 1,00,000.
ICICI Bank IMPS Charges
Transfer Amount |
Charges (Subject to Change According to Banks) |
Up to Rs. 10000 |
Rs. 5.00 + Applicable GST |
From Rs. 10000 to Rs. 1 lac |
Rs. 5.00 + Applicable GST |
From Rs. 1 lac to Rs. 2 lacs |
Rs. 15.00 + Applicable GST |
IMPS charges Union Bank of India
Transaction Amount |
Charges |
Up to Rs. 10,000 |
Rs. 2.50 + taxes |
Above Rs. 10,000 & up to Rs. 1 Lakhs |
Rs. 5.00 + taxes |
Above Rs. 1 Lakh & up to Rs. 2 Lakhs |
Rs. 15.00 + taxes |
More than Rs. 2 Lakhs |
Rs. 25.00 + taxes |
Read more:
How much amount can be transferred through IMPS?
How much time it takes for IMPS transfer?
How to do IMPS?
I hope now you know about the Bank of Baroda IMPS charges as well as IMPS charges of other banks.
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Authors Of The Question
What is charge of IMPS money transfer?
Uruj
774 Views
1 Answers
2 Year
2022-08-08T11:32:10+00:00 2022-08-09T16:23:13+00:00Comment
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