Bandhan Bank IMPS Charges and Instant Transfer Guide
Bandhan Bank IMPS Charges and Instant Transfer Guide
Bandhan Bank IMPS transfers through mBandhan or net banking are free or carry minimal charges for online initiated transactions. IMPS is the fastest way to send money to any bank account in India, available 24×7 including Sundays and holidays.
Bandhan Bank IMPS Charges
- Online via mBandhan or net banking: Free (check schedule for high-value transfers)
- Branch IMPS up to Rs. 1 lakh: Rs. 5 plus GST
- Branch IMPS Rs. 1 lakh to Rs. 2 lakh: Rs. 15 plus GST
- Branch IMPS above Rs. 2 lakh: Rs. 25 plus GST
Check the latest fee schedule on the Bandhan Bank website for any updates.
IMPS Transaction Limits
NPCI allows a maximum of Rs. 5 lakh per IMPS transaction. Bandhan Bank may apply its own daily caps.
How to Transfer Money via IMPS on mBandhan
- Open mBandhan and log in.
- Tap Fund Transfer and choose IMPS.
- Add the beneficiary using their account number and IFSC code, or mobile number and MMID.
- Enter the amount.
- Verify with OTP and confirm.
- Note the transaction reference number for tracking.
When to Prefer IMPS
- Urgent transfers where the recipient needs the money immediately.
- Transfers outside normal banking hours or on holidays.
- Small to medium amounts where RTGS is not required.
FAQ
Is IMPS instant in Bandhan Bank?
Yes. IMPS transfers are credited to the recipient’s account within seconds to a few minutes. The service is available 24×7, including weekends and public holidays.
What is the maximum IMPS transfer limit in Bandhan Bank?
NPCI sets the maximum at Rs. 5 lakh per transaction. Bandhan Bank may have a lower daily limit. Check the mBandhan app for your account’s current limit.
What if my Bandhan Bank IMPS transfer fails?
If money is debited but not credited to the recipient, the amount is usually reversed within 1 to 3 working days. Raise a complaint in mBandhan or call 1800 258 8181 if not reversed.
Key Takeaways
- Online IMPS via mBandhan is free or low-cost.
- IMPS is instant and available 24×7 including holidays.
- Maximum limit: Rs. 5 lakh per transaction (NPCI norm).
- For failed transfers, file a complaint if reversal is delayed.
- Use IMPS when speed matters and RTGS is not needed.
