Yes Bank IMPS Charges: Limits and Timings
Yes Bank IMPS Charges: Limits and Timings
Yes Bank charges for IMPS (Immediate Payment Service) transactions vary based on the transfer amount and are applied per transaction. IMPS is available 24/7 including on bank holidays, making it one of the fastest ways to transfer money.
Yes Bank IMPS Charges by Slab
The following charges are indicative and based on standard Yes Bank Schedule of Charges. Always verify the current charges on the Yes Bank website or through net banking, as these are subject to revision by the bank.
- Up to Rs. 1,000: Rs. 2.50 + GST
- Rs. 1,001 to Rs. 1 lakh: Rs. 5 + GST
- Rs. 1,00,001 to Rs. 2 lakh: Rs. 15 + GST
- Above Rs. 2 lakh: Rs. 25 + GST
GST at 18% is applicable on all IMPS charges. Some premium Yes Bank account variants may have reduced or waived IMPS charges. Check your account’s specific Schedule of Charges.
Yes Bank IMPS Transfer Limits
- Minimum transfer: Rs. 1
- Maximum per transaction: Rs. 5 lakh (via net banking and YES PAY Next app)
- Maximum per day: As set by the customer in their transaction limits; the default cap is Rs. 5 lakh per day via IMPS
How to Transfer Money via IMPS on YES PAY Next App
- Open the YES PAY Next app and log in.
- Go to Fund Transfer and select IMPS.
- Enter the recipient’s bank account number and IFSC code, or use their registered mobile number and MMID.
- Enter the amount and confirm with your MPIN.
- The transfer completes instantly and both parties receive an SMS confirmation.
IMPS vs NEFT vs RTGS
IMPS is instant and available 24/7. NEFT processes in batches and is available throughout the week but can have a short delay. RTGS is for high-value transfers (Rs. 2 lakh and above) and is also available 24/7 since December 2020. For most everyday transfers, IMPS is the most convenient option through Yes Bank.
FAQ
Is IMPS free on Yes Bank?
No. Yes Bank charges a small fee per IMPS transaction ranging from Rs. 2.50 to Rs. 25 plus GST, depending on the transfer amount. Premium account holders should check their specific Schedule of Charges as some accounts may have waived fees.
What is the maximum IMPS transfer limit in Yes Bank?
The maximum IMPS transfer limit on Yes Bank net banking and the YES PAY Next app is Rs. 5 lakh per transaction. Daily limits may vary based on your account settings.
How long does Yes Bank IMPS take to transfer money?
IMPS transfers on Yes Bank are processed instantly, typically within a few seconds. The beneficiary receives the funds in real time, 24 hours a day, 365 days a year.
Key Takeaways
- Yes Bank IMPS charges range from Rs. 2.50 to Rs. 25 plus 18% GST per transaction.
- Maximum IMPS limit per transaction is Rs. 5 lakh via YES PAY Next app and net banking.
- IMPS is available 24/7 including on bank holidays and weekends.
- Transfers are instant and both parties receive SMS confirmation.
- Always verify current charges on the Yes Bank website or Schedule of Charges document.
