SBI Revises IMPS Charges from August 15, 2025: Know the Charges and Accounts Exempt from It

From August 15, 2025, State Bank of India (SBI) will implement revised Immediate Payment Service (IMPS) transaction charges for retail customers, as per news reports. 

The changes vary for online and branch transactions, with certain slabs seeing new charges while others remain unchanged. This update is important for customers who use IMPS for high-value online transfers.

Revised IMPS Charges for Online Transactions

From August 15, 2025, online IMPS transfers up to ₹25,000 will remain free of charge. However, transactions above this amount will attract nominal fees as follows:

• Above ₹25,000 and up to ₹1,00,000: ₹2 + GST
• Above ₹1,00,000 and up to ₹2,00,000: ₹6 + GST
• Above ₹2,00,000 and up to ₹5,00,000: ₹10 + GST

Previously, these higher-value online transactions were free. Salary package account holders will continue to enjoy complete waivers for online IMPS transactions.

IMPS Charges for Branch Transactions

There is no change in IMPS charges for transactions carried out at SBI branches. Charges for branch-based IMPS remain as follows:

• Minimum charge: ₹2 + GST
• Maximum charge: ₹20 + GST

Accounts Exempt from Online IMPS Charges

The following accounts will continue to receive waivers for online IMPS transactions:

• Salary Package Accounts: Defence Salary Package (DSP), Paramilitary Salary Package (PMSP), Indian Coast Guard Salary Package (ICGSP), Central Government Salary Package (CGSP), Police Salary Package (PSP), Railway Salary Package (RSP), and Shaurya Family Pension Accounts.
• Other Waived Accounts: Corporate Salary Package (CSP), State Government Salary Package (SGSP), Startup Salary Package (SUSP), and Family Savings Account - SBI Rishtey.

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What is IMPS?

Immediate Payment Service (IMPS) is a real-time interbank electronic fund transfer service available 24/7, managed by the National Payments Corporation of India (NPCI). It enables instant money transfers through multiple channels, including online banking, mobile banking, and branches. The per-transaction limit for IMPS is ₹5 lakh for all channels except SMS and IVR.

Conclusion 

The revised IMPS charges by SBI aim to align transaction costs with transfer values while maintaining free access for certain account holders. Customers should review the updated structure to plan their transactions effectively.

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