IMPS Transactions Charges: SBI, HDFC, PNB and Canara Bank of the country will charge for IMPS transactions, check the new rates of the bank

If you transfer money through internet or mobile banking then this news is important for you. The big banks of the country 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.

IMPS Transactions Charges: If you transfer money through internet or mobile banking then this news is important for you. The big banks of the country 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 charges will be applicable in different banks. The charge is less on small amounts, but it can go up to Rs 20 on large amounts. Therefore, before making a transaction, definitely check the rules of your bank.

SBI – New Charges of State Bank of India

From August 15, 2025, SBI has implemented charges on online IMPS.

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’s new charges

Up to Rs 1,000: No charge

Up to Rs 1,000 – Rs 10,000: Rs 3 + GST

Up to Rs 10,000 – Rs 25,000: Rs 5 + GST

Up to Rs 25,000 – Rs 1,00,000: Rs 8 + GST

Up to Rs 1,00,000 – Rs 2,00,000: Rs 15 + GST

Up to Rs 2,00,000 – Rs 5,00,000: Rs 20 + GST

Punjab National Bank’s new charges

Up to Rs 1,000: No charge

Up to 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 August 1, 2025)

Up to Rs 1,000:

Regular customer: Rs 2.50

Senior citizen: Rs 2.25

Up to 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 the charge.

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