Bank of Baroda IMPS Charges – Fees, Limits & Rules (2026)
Bank of Baroda (BoB) IMPS charges apply when you transfer money instantly using the Immediate Payment Service (IMPS). IMPS is available 24×7, including Sundays and bank holidays, and is ideal for urgent fund transfers.
Quick Summary
- Bank: Bank of Baroda
- Transfer mode: IMPS
- Availability: 24×7
- Speed: Instant credit
- Charges: Slab-based
- GST: Applicable extra
Bank of Baroda IMPS Charges (Slab-Wise)
IMPS charges in BoB usually depend on the transfer amount:
| IMPS Transfer Amount | Charges (₹) |
|---|---|
| Up to ₹1,000 | ₹2.50 |
| ₹1,001 – ₹25,000 | ₹5 |
| ₹25,001 – ₹1 lakh | ₹15 |
| ₹1,00,001 – ₹2 lakh | ₹25 |
GST is applicable on the above charges. Exact fees may vary by account type.
IMPS Charges by Channel
IMPS via Mobile Banking / Net Banking
- Charges apply as per slab
- Some premium or salary accounts may get limited free transactions
IMPS via Branch
- May attract higher service charges
- Not commonly used for IMPS
Bank of Baroda IMPS Transfer Limits
- Minimum amount: ₹1
- Maximum per transaction: ₹2 lakh
- Daily limit: As per customer profile and bank policy
You can check your personal limit in the BoB mobile banking app.
When Are IMPS Charges Deducted?
- IMPS charges are deducted immediately
- Reflected separately in your bank statement
- May appear as:
- IMPS CHG
- ADC IMPS CHG
- TID CHG
IMPS Failed but Amount Debited?
- Usually reversed within 1 working day
- Keep the IMPS reference number
- Contact BoB customer care if reversal is delayed
IMPS vs NEFT in Bank of Baroda
| Feature | IMPS | NEFT |
|---|---|---|
| Speed | Instant | Batch-based |
| Availability | 24×7 | 24×7 |
| Charges | Slab-based | Often free online |
| Best For | Urgent transfers | Planned payments |
How to Avoid IMPS Charges
- Use UPI (usually free)
- Use NEFT online if urgency is not required
- Check if your account offers free IMPS transactions
FAQs on BoB IMPS Charges
Is IMPS free in Bank of Baroda?
A. IMPS is generally chargeable, but some accounts may offer free transactions.
Is GST charged on IMPS fees?
A. Yes, GST applies on IMPS charges.
What is the maximum IMPS limit?
A. Up to ₹2 lakh per transaction.
Can IMPS be done on holidays?
A. Yes, IMPS works 24×7, including holidays.
Conclusion
Bank of Baroda IMPS is a fast and secure way to transfer money instantly. However, it comes with slab-based charges depending on the amount transferred. Always check your account type and transaction limits in the BoB app for accurate details.
