KVB IMPS Charges, Limits, and How to Transfer
KVB IMPS Charges, Limits, and How to Transfer
IMPS (Immediate Payment Service) via KVB enables instant 24×7 fund transfers to any bank account in India. KVB charges a small fee for IMPS transactions, and the transfer is credited to the beneficiary within seconds.
KVB IMPS Charges
Unlike NEFT, IMPS transfers carry a service fee even for online transactions. The charges are as follows:
- Up to Rs. 1,000: Rs. 3.50 + GST
- Rs. 1,001 to Rs. 1 lakh: Rs. 5 + GST
- Rs. 1 lakh to Rs. 2 lakh: Rs. 15 + GST
- Above Rs. 2 lakh: Rs. 25 + GST
These are indicative charges. KVB may revise them periodically; always check the KVB website or contact your branch for the latest schedule.
KVB IMPS Transaction Limits
- Minimum amount: Rs. 1
- Maximum per transaction: Rs. 5 lakh (as per NPCI guidelines)
- Daily limit may vary based on your account type and net banking profile
How to Do IMPS Transfer via KVB Net Banking
- Log in to KVB net banking at kvb.co.in
- Go to Fund Transfer and choose IMPS
- Add or select the beneficiary using account number and IFSC, or Mobile Money Identifier (MMID)
- Enter the transfer amount
- Confirm the transaction using your transaction password or OTP
- You will receive a transaction reference number immediately
IMPS via KVB DLite App
Open KVB DLite, go to Fund Transfer, select IMPS, enter beneficiary details and amount, and confirm with MPIN or OTP. The transfer is instant.
IMPS vs NEFT vs RTGS
- IMPS: Instant, 24×7, up to Rs. 5 lakh, small fee applies
- NEFT: 24×7, batch settlements every 30 minutes, free online
- RTGS: Real-time, minimum Rs. 2 lakh, suitable for large transfers
Frequently Asked Questions
Is IMPS free in KVB net banking?
No. KVB charges a fee for IMPS transfers. The fee ranges from Rs. 3.50 to Rs. 25 + GST depending on the transaction amount.
What is the IMPS limit in KVB?
The maximum IMPS transfer per transaction is Rs. 5 lakh as per NPCI guidelines.
How long does KVB IMPS take to credit?
IMPS transfers are instant. The credit to the beneficiary account happens within seconds of initiating the transfer.
Key Takeaways
- KVB IMPS charges range from Rs. 3.50 to Rs. 25 + GST per transaction
- IMPS is available 24×7 including weekends and holidays
- Maximum IMPS limit: Rs. 5 lakh per transaction
- Credit is instant, unlike NEFT which operates in batches
- Use KVB DLite or net banking for quick IMPS transfers
