IndusInd Bank IMPS Charges: Instant Transfer Fees
IndusInd Bank IMPS Charges: Instant Transfer Fees
IndusInd Bank charges a small fee for IMPS transfers, which varies by transaction amount. IMPS is available 24×7 and credited to the recipient instantly, making it ideal for urgent transfers.
What Is IMPS?
IMPS (Immediate Payment Service) is a real-time interbank transfer system managed by NPCI. Unlike NEFT, there is no batch processing. Unlike RTGS, there is no minimum amount. It works around the clock, every day of the year.
IndusInd Bank IMPS Charges
| Transaction Amount | Fee (Plus GST) |
|---|---|
| Up to Rs. 1,000 | Rs. 2.50 |
| Rs. 1,001 to Rs. 1 lakh | Rs. 5 |
| Rs. 1,00,001 to Rs. 2 lakh | Rs. 15 |
| Rs. 2,00,001 to Rs. 5 lakh | Rs. 25 |
GST at 18% applies additionally. Charges may vary slightly based on your account type or active offer. Always verify the current fee schedule in the IndusMobile app or at indusind.com.
IMPS Transfer Limits
- Minimum: Re. 1
- Maximum: Rs. 5,00,000 per transaction (standard RBI guideline)
- Daily limits may be set based on your IndusInd Bank account type.
How to Transfer Money via IMPS
- Log in to the IndusMobile app or net banking.
- Go to Fund Transfer and select IMPS.
- Enter the recipient’s account number and IFSC code, or their mobile number and MMID.
- Type the amount and add a remark if needed.
- Confirm the transfer with your OTP or MPIN.
IMPS vs NEFT vs RTGS: Quick Comparison
- IMPS: Instant, 24×7, up to Rs. 5 lakh, small fee applies.
- NEFT: Half-hourly batches, 24×7, no minimum, free online.
- RTGS: Real time, Rs. 2 lakh minimum, business hours only, free online.
FAQ
Is IMPS free at IndusInd Bank?
No. IMPS at IndusInd Bank attracts a small charge based on the transaction amount, ranging from Rs. 2.50 to Rs. 25 plus GST. There is no free tier for IMPS unlike NEFT and RTGS online.
Can I use IMPS to transfer money at night or on holidays?
Yes. IMPS operates 24 hours a day, 365 days a year. Transfers are credited to the recipient’s account almost immediately regardless of the time or day.
What is the maximum amount I can transfer via IMPS?
The standard maximum IMPS limit is Rs. 5,00,000 per transaction as per RBI guidelines. Your IndusInd Bank account may have a lower daily cap based on account type.
Key Takeaways
- IMPS charges range from Rs. 2.50 to Rs. 25 plus GST based on amount.
- IMPS is available 24×7 with instant settlement.
- Maximum transfer limit is Rs. 5 lakh per transaction.
- For queries, call IndusInd Bank at 1860-500-5004.
