SBI to impose nominal IMPS charges on online transfers above ₹25,000 from Aug 15:

Daily Current Affairs / SBI to impose nominal IMPS charges on online transfers above ₹25,000 from Aug 15:

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Category : Business and economics Published on: August 16 2025

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State Bank of India (SBI), the country’s largest lender, will revise its Immediate Payment Service (IMPS) charges starting August 15. While branch-based IMPS transfers remain unaffected, online transactions above ₹25,000 will now incur nominal charges. Transfers between ₹25,000 and ₹1 lakh will cost ₹2, transactions from ₹1 lakh to ₹2 lakh will cost ₹6, and those from ₹2 lakh to ₹5 lakh will cost ₹10 — all excluding GST.

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SBI to impose nominal IMPS charges on online transfers above ₹25,000 from Aug 15:

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SBI to impose nominal IMPS charges on online transfers above ₹25,000 from Aug 15:

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