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SBI’s service charges on IMPS, NEFT and RTGS transactions 2022

SBI’s service charges on IMPS, NEFT and RTGS transactions 2022
SBI’s service charges

The State Bank of India has recently increased the IMPS transactions limit to ₹ 5 lakhs which previously was ₹ 2 lakhs. The Bank is aiming to encourage the customer to switch towards digital banking. The Bank won't impose any service charges up to 5 lakhs of IMPS transactions done via online banking, mobile banking.

On the other, no changes have been made on transactions that occurred through any of the SBI branches. Though, a new slab has been added by the bank for transactions between 2 lakhs to 5 lakhs. The services charges will be 20 + GST from February 1, 2022. 

SBI IMPS transactions Online charges

No amount will be charged for online transactions between 2 lakhs to 5 lakhs. 

SBI NEFT service charges

SBI RTGS service charges

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