Kotak Mahindra Bank IMPS Charges (2026 Guide)
Kotak Bank IMPS charges depend on your account type, transfer amount, and channel (online or branch). IMPS (Immediate Payment Service) allows instant money transfer 24×7, including holidays.
Quick Summary
- Service: IMPS fund transfer
- Availability: 24×7
- Mode: Mobile banking, net banking, branch
- Charges: Often free online, branch charges may apply
Kotak IMPS Charges – Typical Structure
Online IMPS (Mobile App / Net Banking)
- Charges:
- Usually ₹0 (free) for most savings accounts
- Some premium or salary accounts also get free IMPS
Many Kotak customers do not pay any IMPS fee for online transfers.
IMPS Through Branch
If IMPS is done at a branch:
- Charges:
- Around ₹2.50 to ₹10 per transaction
- May vary by branch and amount
Kotak IMPS Transaction Limits (Indicative)
| Type | Limit |
|---|---|
| Per transaction | Up to ₹5 lakh (varies by channel) |
| Daily limit | As per account/app policy |
Limits may differ for:
- New beneficiaries
- Newly activated accounts
When Are IMPS Charges Applied?
Kotak may charge IMPS fees if:
- Transaction is done at branch
- Account variant has no free IMPS benefit
- Special service charges apply (rare cases)
Always check your Schedule of Charges for confirmation.
How to Check Exact IMPS Charges
You can verify charges by:
- Checking Kotak mobile app → Fees / Charges
- Viewing Schedule of Charges in net banking
- Confirming with Kotak customer care or branch
IMPS vs NEFT (Cost Comparison)
| Feature | IMPS | NEFT |
|---|---|---|
| Speed | Instant | Near real-time |
| Availability | 24×7 | 24×7 |
| Charges (online) | Usually free | Usually free |
FAQs
Q. Is Kotak IMPS free?
A. For most customers, online IMPS is free. Branch IMPS may have charges.
Q. Are IMPS charges deducted immediately?
A. Yes, if applicable, charges are debited along with the transaction.
Q. Do failed IMPS transactions get charges?
A. Generally, charges are not applied for failed transactions.
Security Tips
- Always double-check beneficiary details
- Avoid branch transfers unless necessary
- Use official Kotak banking apps only
Conclusion
Kotak Mahindra Bank IMPS charges are usually nil for online transfers, making IMPS a fast and cost-effective option. Charges may apply for branch-based IMPS, so it’s best to use mobile or net banking and confirm your account’s fee structure for exact details.
