New Delhi: Major banks including SBI, HDFC Bank, Punjab National Bank (PNB), and Canara Bank have updated their IMPS (Immediate Payment Service) charges for retail customers. These changes apply to transactions up to ₹5 lakh and are now in effect.
While HDFC Bank’s new charges are effective from August 1, 2025, SBI’s revised IMPS charges apply from August 15, 2025.
What Is IMPS?
IMPS is a real-time fund transfer service offered by the National Payments Corporation of India (NPCI), available 24×7, with a transaction limit of ₹5 lakh (excluding SMS and IVR channels).
SBI IMPS Charges – Effective August 15, 2025
| Transaction Amount | IMPS Charges (Excl. GST) |
|---|---|
| Above ₹25,000 to ₹1 lakh | ₹2 |
| Above ₹1 lakh to ₹2 lakh | ₹6 |
| Above ₹2 lakh to ₹5 lakh | ₹10 |
???? Note: Salary package accounts for government, defence, and corporate sectors continue to enjoy zero charges for online IMPS transfers.
HDFC Bank IMPS Charges – Effective August 1, 2025
| Transaction Amount | IMPS Charges (Flat Rate) |
|---|---|
| Up to ₹1,000 | ₹2.50 |
| ₹1,001 to ₹1 lakh | ₹5 |
| Above ₹1 lakh | ₹15 |
???? Charges apply only to outward IMPS transfers.
???? No charges on inward transactions.
???? Imperia & Preferred customers continue to get free IMPS transfers (since March 15, 2021).
Canara Bank IMPS Charges – August 2025
| Transaction Range | Online Charges (+GST) | Branch Charges (+GST) |
|---|---|---|
| Up to ₹1,000 | Free | Free |
| ₹1,001 – ₹10,000 | ₹3 | ₹3 |
| ₹10,001 – ₹1 lakh | ₹5 | ₹5 |
| ₹1 lakh – ₹2 lakh | ₹10 | ₹12 |
| ₹2 lakh – ₹5 lakh | ₹10 | ₹20 |
Punjab National Bank (PNB) IMPS Charges – August 2025
| Transaction Range | Online Charges (+GST) | Branch Charges (+GST) |
|---|---|---|
| Up to ₹1,000 | Free | Free |
| ₹1,001 – ₹1 lakh | ₹5 | ₹6 |
| Above ₹1 lakh | ₹12 | ₹12 |
These revised charges are part of the banks’ periodic updates aimed at aligning with operational costs and customer service models.
It’s important to check your bank’s website or app for exact charges before making large IMPS transactions.
