SBI enhances the limit on IMPS transactions from Rs. 2 lac upto Rs. 5 lac with nil charges on transactions through Digital Channels 

0
11

SBI enhances the limit on IMPS transactions from Rs. 2 lac upto Rs. 5 lac with nil charges on transactions through Digital Channels 

Chennai  : In an aim to encourage customers to adopt digital banking, SBI has not levied any Service Charges on IMPS transactions upto Rs. 5 lacs, done through Internet banking/Mobile Banking including YONO. In case of Branch Channels, there has been no change in the service charges for IMPS done through the Branch Channel in the existing slabs. However, a new slab for ₹ 2,00,000 to ₹ 5,00,000 has been added and the proposed service charges for this slab is ₹ 20 + GST w.e.f 01.02.2022. The service charges on IMPS are in line with the Service Charges on NEFT/RTGS transactions.

Please see the charts:

IMPS Service Charges

 

Slab

Transactions at Branches Transactions through          Net Banking / Mobile / YONO
Existing Revised

w.e.f. 01.02.2022

Upto Rs  ₹ 1000 Nil  

 

No Change

 

 

 

 

NIL

Above ₹ 1000/- and upto ₹ 10,000/- ₹ 2 + GST
Above ₹ 10,000/- and upto ₹ 1,00,000/- ₹ 4 + GST
Above ₹ 1,00,000/- and upto ₹ 2,00,000/- ₹ 12 + GST
Above ₹ 2,00,000/- and upto ₹ 5,00,000/- (New slab) N.A. ₹ 20 + GST

NEFT Service Charges

Slab Transactions through Branches Transactions through          Net Banking / Mobile / YONO
Upto Rs  ₹ 10000 ₹ 2 + GST  

 

 

NIL

Above ₹ 10,000/- and upto ₹ 1,00,000/- ₹ 4 + GST
Above ₹ 1,00,000/- and upto ₹ 2,00,000/- ₹ 12 + GST
Above ₹ 2,00,000/- ₹ 20 + GST

 

RTGS Service Charges

Slab Transactions through Branches Transactions through          Net Banking / Mobile / YONO
Above ₹ 2,00,000/- and upto ₹ 5,00,000/- ₹ 20 + GST  

NIL

Above ₹ 5,00,000/- ₹ 40 + GST