SBI IMPS Charges and Transfer Limits Explained
SBI IMPS Charges and Transaction Limits
SBI IMPS (Immediate Payment Service) allows real-time fund transfers 24×7. SBI charges a nominal fee per transaction based on the amount, ranging from Rs. 2 to Rs. 15 plus GST. The maximum IMPS transfer limit is Rs. 5 lakh per transaction via internet banking.
SBI IMPS Charges (2026)
| Transaction Amount | Charge (excl. GST) |
|---|---|
| Up to Rs. 1,000 | Rs. 2 |
| Rs. 1,001 to Rs. 1,00,000 | Rs. 5 |
| Rs. 1,00,001 to Rs. 2,00,000 | Rs. 15 |
| Rs. 2,00,001 to Rs. 5,00,000 | Rs. 15 |
GST (currently 18%) is applicable on the service charge. Charges may be updated periodically — always verify on sbi.co.in.
SBI IMPS Transaction Limits
| Channel | Per Transaction Limit | Daily Limit |
|---|---|---|
| YONO SBI / Internet Banking | Rs. 5,00,000 | Rs. 5,00,000 |
| SBI Mobile Banking (YONO Lite) | Rs. 2,00,000 | Rs. 2,00,000 |
| SBI ATM | Rs. 10,000 | Rs. 10,000 |
How to Do IMPS Transfer via YONO SBI
- Log in to YONO SBI app.
- Tap Transfers then IMPS.
- Select or add beneficiary (IFSC code + account number, or MMID + mobile number).
- Enter transfer amount and remarks.
- Verify details and enter your Transaction Password or OTP.
- Transfer is credited instantly to the beneficiary account.
IMPS vs NEFT vs RTGS: Key Differences
| Feature | IMPS | NEFT | RTGS |
|---|---|---|---|
| Availability | 24×7 | 24×7 | 24×7 |
| Settlement | Instant | Hourly batches | Real-time |
| Min Amount | Re. 1 | Re. 1 | Rs. 2 lakh |
| Max Amount (SBI) | Rs. 5 lakh | No limit | No limit |
Key Takeaways
- SBI IMPS charge ranges from Rs. 2 to Rs. 15 per transaction plus GST.
- Maximum IMPS transfer via YONO SBI / internet banking is Rs. 5 lakh per transaction.
- IMPS is available 24×7 including holidays and operates through NPCI’s infrastructure.
- For transactions above Rs. 5 lakh, use NEFT or RTGS.
- IMPS transfers via ATM are capped at Rs. 10,000.
Frequently Asked Questions
Is IMPS free for SBI customers?
No, SBI charges Rs. 2 to Rs. 15 per IMPS transaction plus 18% GST, depending on the amount.
What is the maximum IMPS transfer limit in SBI?
The maximum IMPS limit is Rs. 5 lakh per transaction via YONO SBI and internet banking. NPCI has set a cap of Rs. 5 lakh for IMPS transfers industry-wide.
How long does SBI IMPS transfer take?
IMPS transfers are credited to the beneficiary’s account within a few seconds, 24×7 including Sundays and bank holidays.
What if an SBI IMPS transaction fails but money is deducted?
Failed IMPS transactions are auto-reversed to your account within 48 to 72 hours. If not reversed, raise a complaint via YONO SBI, internet banking grievance portal, or call 1800-11-2211.
Can I do IMPS transfer from SBI to other bank accounts?
Yes, IMPS supports inter-bank transfers across all IMPS-enabled banks in India. You need the beneficiary’s account number and IFSC code, or their MMID and registered mobile number.
