- Advertisement -
Home Personal Finance What are the banks charges for IMPS money transfer?

What are the banks charges for IMPS money transfer?

0
What are the banks charges for IMPS money transfer?...

IMPS Charges: IMPS (Immediate Payment Service) is a real-time money transfer service that is available 24/7. This service can be accessed through multiple channels including mobile, internet, branch, ATM and SMS

IMPS Charges: IMPS (Immediate Payment Service) is a real-time money transfer service, which is available 24/7. This service can be accessed through multiple channels including mobile, internet, branch, ATM and SMS. This is a service through which funds can be transferred quickly and securely between banks in India. It is also quite economical.

There is also two-factor authentication when transferring money through IMPS. There is also a limit if IMPS is used for fund transfer. Customers do not need to register for mobile banking when initiating an IMPS transaction through ATM or online channel. Similarly, customers also do not need to register for withdrawing money through mobile banking or account number/IFSC.

Let us know what are the charges of banks for IMPS money transfer

SBI IMPS Charges:

There is no charge for transactions from ₹1 to ₹5,00,000.

HDFC Bank IMPS Charges:

  • ₹0 – ₹1000: ₹3.50 + applicable GST
  • ₹1001 – ₹100000: ₹5 + applicable GST
  • Above ₹100000: ₹15 + applicable GST

Axis Bank IMPS Charges:

  • Up to ₹1000: ₹2.50 per transaction
  • ₹1,000 to ₹1,00,000: ₹5 per transaction
  • ₹1,00,000 to ₹5,00,000: ₹10 per transaction

Additional taxes are applicable.

Canara Bank IMPS Charges:

  • ₹0 to ₹25,000: No charges
  • ₹25,001 to ₹100,000: ₹8 + GST
  • ₹100,001 to ₹500,000: ₹15 + GST
  • ₹10,000 to ₹1 lakh: ₹475
  • ₹1 lakh to ₹50 lakh: ₹500

Kotak Mahindra Bank IMPS Charges:

No charge

YES Bank IMPS Charges:

There are no charges for transactions made through the mobile app.

A charge of ₹5 + GST ​​is applicable for using IMPS through Net Banking.

IMPS is a convenient and safe option that provides instant money transfer service. However, it is important to be aware of the charges and rules applicable while making the transaction.

 

- Advertisement -DISCLAIMER
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com

Exit mobile version