The State Bank of India (SBI), the country’s largest lender, has announced a revision in its Immediate Payment Service (IMPS) charges, effective August 15, 2025. While transactions conducted via branches will remain unaffected, customers transferring amounts above ₹25,000 through online channels will now be subject to nominal fees.
According to details published on the SBI website, IMPS transfers between ₹25,001 and ₹1 lakh will attract a charge of ₹2, while transfers of ₹1 lakh to ₹2 lakh will incur ₹6. For amounts ranging from ₹2 lakh to ₹5 lakh, the fee will be ₹10. In all cases, Goods and Services Tax (GST) will be applied in addition to the service charge.
Salary package account holders will continue to enjoy full exemptions on online IMPS transactions, ensuring no extra cost for their transfers.
For corporate clients, the revised charges will come into effect from September 8, 2025. SBI has also confirmed that IMPS charges will remain waived for certain categories of current accounts, including Gold, Diamond, Platinum, Rhodium, government departments, and autonomous or statutory bodies.
With these changes, SBI joins other major banks in introducing nominal fees for high-value online fund transfers, while maintaining benefits for specific customer groups.
Mariya is the Senior Editor at Juris Hour. She has 5+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started as a freelance tax reporter in the leading online legal news companies like LiveLaw & Taxscan.
