IMPS Charges: Check Out IMPS Transfer Charges for All Banks

The Immediate Payment Service (IMPS) is an interbank fund transfer system in India that facilitates real-time money transfers. It operates around the clock, including weekends and holidays. IMPS is recognised for its efficiency and speed, making it a reliable choice for quick and seamless money transfers. Nominal charges may apply based on the IMPS transaction amount and the policies of individual banks. 

Read further to know the IMPS charges levied by various banks in India.

IMPS Charges of Different Banks

Different banks in India have varying IMPS charges depending on the transaction amount. Some banks may offer IMPS transactions free of cost up to a specific limit, while others apply nominal fees. Here is an overview of IMPS charges for prominent banks in India:

SBI IMPS Charges

IMPS fund transfer through net banking or mobile banking (including YONO) is free. 

The following table portrays the charges if IMPS transfer is conducted through the branch:

HDFC Bank IMPS Charges

IMPS fund transfer through HDFC net banking or mobile banking is free. The following table highlights the IMPS charges of HDFC Bank: 

ICICI Bank IMPS Charges

IMPS fund transfer through ICICI net banking or mobile banking is free. The following table illustrates the different IMPS charges of ICICI Bank:

Axis Bank IMPS Charges

IMPS fund transfer through Axis Bank net banking or mobile banking is free. In the following table, you can check the IMPS charges of Axis Bank:

Kotak Mahindra Bank IMPS Charges

When you use IMPS through net banking to send money from your Kotak Mahindra Savings Account to any other account, there are no IMPS charges for Kotak Mahindra Bank. For branch IMPS transactions, the charges are given below:

Canara Bank IMPS Charges

You can check the IMPS charges of Canara Bank in the following table:

RBL Bank IMPS Charges

The following table highlights the IMPS charges of RBL Bank:

IndusInd Bank IMPS Charges

No charges apply for transactions conducted through branch banking, mobile banking, net banking, Alexa banking, or WhatsApp banking.

Union Bank IMPS Charges

The following table highlights the IMPS charges of Union Bank of India:

Bank of Baroda IMPS Charges

In the following table, you can check the IMPS charges of the Bank of Baroda:

All Banks IMPS Charges

Here are the minimum and maximum IMPS charges of different banks in India:

IMPS is an efficient, real-time service that allows secure and instant fund transfers. Many banks offer IMPS transactions free of cost for smaller amounts, while others levy nominal fees based on transaction limits. The IMPS charges can vary significantly across banks. It is important to check your bank’s specific IMPS policies before transferring funds.