INSUBCONTINENT EXCLUSIVE:
IMPS charges: The maximum amount that can be transferred through IMPS is Rs
2 lakh.Immediate Payment Service (IMPS) is an instant payments service that enables round-the-clock money transfer through the use of mobile
app, mobile banking or internet banking
One can transfer money through IMPS at any time or day, irrespective of holidays, under certain conditions
However, the maximum amount that can be transferred through IMPS is Rs
State-run SBI (State Bank of India) to private sector lenders such as HDFC Bank and ICICI Bank - charge a fee ranging from Rs
15 per IMPS transaction.Here's a comparison of the charges levied by SBI, HDFC Bank, ICICI Bank and Axis Bank for sending money through
IMPS:IMPS charges of State Bank of IndiaTransaction amountIMPS chargesUp to Rs.1,000No ChargesRs.1,001 to Rs
10,000Rs 1 + GSTRs.10,001 to Rs
1,00,000Rs 2 + GSTRs 1,00,001 to 2,00,000Rs 3 + GST(As mentioned on SBI's website- onlinesbi.com)IMPS charges of HDFC BankTransaction
amountIMPS chargesAbove Rs
5 + GSTAbove 1 lakh to 2 lakhRs
15 + GST(As mentioned on ICICI Bank's website- icicibank.com)IMPS charges of Axis BankAmountIMPS chargesUp to Rs.1,000Rs
15 + GST(As mentioned on Axis Bank's website- axisbank.com)
