SBI IMPS Charges Hike: Online Transfers to Get Costlier from Feb 15, 2026
Your Money
M
Moneycontrol•16-01-2026, 18:08
SBI IMPS Charges Hike: Online Transfers to Get Costlier from Feb 15, 2026
- •State Bank of India (SBI) will introduce service charges on online IMPS transactions exceeding Rs 25,000 starting February 15, 2026.
- •Previously, online IMPS transfers up to Rs 5 lakh were free via internet banking and the YONO app.
- •New charges for online IMPS: Rs 2 + GST for Rs 25,000-Rs 1 lakh; Rs 6 + GST for Rs 1 lakh-Rs 2 lakh; Rs 10 + GST for Rs 2 lakh-Rs 5 lakh.
- •Online IMPS transactions up to Rs 25,000 will remain free, offering relief for smaller transfers.
- •Certain salary package accounts (DSP, PMSP, CGSP, PSP, RSP, etc.) and specific savings accounts (Shaurya Family Pension, SBI Rishta, CSP, SGSP, SUSP) are exempt from these new charges.
Why It Matters: SBI online IMPS transfers above Rs 25,000 will incur charges from Feb 15, 2026, impacting millions.
✦
More like this
Loading more articles...
