IDBI Bank IMPS Charges and Transfer Limits
IDBI Bank IMPS Charges and Transfer Limits
IDBI Bank offers instant money transfers via IMPS (Immediate Payment Service) around the clock. Online IMPS through Go Mobile+ is free, while branch-initiated transfers carry a small fee. Transfers are credited within seconds, any day of the year.
IDBI Bank IMPS Charges
- Online IMPS (Go Mobile+ and net banking): Free (Rs 0)
- Branch IMPS (up to Rs 1,000): Rs 3.50 + GST
- Branch IMPS (Rs 1,001 to Rs 1 lakh): Rs 5 + GST
- Branch IMPS (Rs 1 lakh to Rs 2 lakh): Rs 15 + GST
Charges are subject to revision. Verify the latest fee schedule on the IDBI Bank website or with your branch.
IMPS Transfer Limits at IDBI Bank
- Minimum amount: Rs 1
- Maximum per transaction: Rs 5 lakh (as per NPCI; IDBI Bank may apply internal limits)
- Daily limit: Check Go Mobile+ profile settings for your current limit
How to Transfer via IMPS on Go Mobile+
- Open Go Mobile+ and tap Fund Transfer.
- Select IMPS as the mode.
- Enter the beneficiary’s account number and IFSC code, or mobile number and MMID.
- Enter the amount and confirm with your MPIN.
- Money is credited instantly and an SMS confirmation is sent to both parties.
When to Use IMPS vs Other Transfer Modes
- IMPS: Instant, 24/7, for amounts up to Rs 5 lakh.
- UPI: Instant, free, best for payments up to Rs 1 lakh.
- NEFT: Batch-based, best for large scheduled transfers.
- RTGS: Real-time, for high-value transfers above Rs 2 lakh.
FAQ
Is IMPS available on IDBI Bank 24 hours a day including holidays?
Yes. IMPS at IDBI Bank is available 24/7, including Sundays and public holidays. It is one of the few payment systems that operates without any scheduled downtime windows.
What is MMID and how do I find mine for IDBI Bank IMPS?
MMID (Mobile Money Identifier) is a 7-digit number linked to your account, required when sending IMPS using a mobile number instead of account number + IFSC. Find your MMID in Go Mobile+ under Account Details or by sending an SMS request to the bank.
Can I dispute an IMPS transaction sent to the wrong account?
IMPS transactions cannot be reversed automatically. Contact IDBI Bank customer care at 1800-200-1947 immediately to raise a dispute. The bank will coordinate with the receiving bank for resolution, but recovery is not guaranteed.
Key Takeaways
- Online IMPS via Go Mobile+ is free; branch IMPS charges range from Rs 3.50 to Rs 15 + GST.
- IMPS is available 24/7 including holidays with instant credit.
- Maximum transfer per transaction is Rs 5 lakh as per NPCI guidelines.
- Use account number + IFSC or mobile number + MMID to transfer via IMPS.
- Wrong transfers cannot be auto-reversed; contact customer care immediately.
