Bank of India IMPS Charges: Limits and Fees Guide
Bank of India IMPS Charges, Limits, and Transfer Guide
Bank of India charges between Rs. 0 and Rs. 25 per IMPS transaction depending on the transfer amount. IMPS (Immediate Payment Service) is available 24/7 for instant fund transfers and is accessible through the BOI Mobile app, internet banking, and ATMs.
Bank of India IMPS Charges (2026)
| Transaction Amount | IMPS Charges |
|---|---|
| Up to Rs. 10,000 | Rs. 2.50 + GST |
| Rs. 10,001 to Rs. 1 lakh | Rs. 5 + GST |
| Rs. 1 lakh to Rs. 2 lakh | Rs. 15 + GST |
| Rs. 2 lakh to Rs. 5 lakh | Rs. 25 + GST |
Note: Charges may vary slightly based on the channel (mobile, internet banking, or branch). Always confirm the latest schedule at bankofindia.co.in.
IMPS Transaction Limits for BOI
- Minimum transaction: Rs. 1
- Maximum per transaction: Rs. 5 lakh
- Daily limit: Rs. 5 lakh (may vary by customer type)
How to Transfer Money via IMPS on BOI Mobile
- Open the BOI Mobile app and log in.
- Select Fund Transfer and choose IMPS.
- Enter the beneficiary’s mobile number and MMID, or their account number and IFSC code.
- Enter the amount and remarks, then confirm with your MPIN.
- Transaction is completed instantly.
IMPS vs NEFT vs RTGS: Quick Comparison
| Feature | IMPS | NEFT | RTGS |
|---|---|---|---|
| Speed | Instant | Within 30 min | Instant |
| Availability | 24/7 | 24/7 | 24/7 |
| Minimum Amount | Re. 1 | Re. 1 | Rs. 2 lakh |
| Maximum Amount | Rs. 5 lakh | No limit | No limit |
Key Takeaways
- IMPS charges at BOI range from Rs. 2.50 to Rs. 25 per transaction plus GST.
- IMPS works 24/7 and money is transferred instantly.
- Maximum IMPS limit per transaction is Rs. 5 lakh at Bank of India.
- IMPS is available via BOI Mobile, internet banking, and ATMs.
Frequently Asked Questions
Is IMPS free in Bank of India?
No, IMPS is not free. Charges start at Rs. 2.50 for amounts up to Rs. 10,000, with GST added on top.
What is the daily IMPS limit in Bank of India?
The daily IMPS limit is up to Rs. 5 lakh. This may be lower for new accounts or accounts with reduced transaction limits.
Can I do IMPS at night using BOI?
Yes. IMPS is available 24 hours a day, 7 days a week, including weekends and bank holidays.
How do I increase my IMPS limit in Bank of India?
Contact your branch or BOI customer care at 1800 220 229 to request a limit enhancement. You may need to complete additional verification steps.
