Immediate Payment Service (IMPS) is an instant payments service that enables round-the-clock money transfer through the use of mobile app, mobile banking or internet banking. One can transfer money through IMPS at any time or day, irrespective of holidays, under certain conditions. However, the maximum amount that can be transferred through IMPS is Rs. 2 lakh. State-run SBI (State Bank of India) to private sector lenders such as HDFC Bank and ICICI Bank - charge a fee ranging from Rs. 1 to Rs. 15 per IMPS transaction.
Immediate Payment Service (IMPS) is an instant payments service that enables round-the-clock money transfer through the use of mobile app, mobile banking or internet banking. One can transfer money through IMPS at any time or day, irrespective of holidays, under certain conditions. However, the maximum amount that can be transferred through IMPS is Rs. 2 lakh. State-run SBI (State Bank of India) to private sector lenders such as HDFC Bank and ICICI Bank - charge a fee ranging from Rs. 1 to Rs. 15 per IMPS transaction.
Immediate Payment Service (IMPS) is an instant payments service that enables round-the-clock money transfer through the use of mobile app, mobile banking or internet banking. One can transfer money through IMPS at any time or day, irrespective of holidays, under certain conditions. However, the maximum amount that can be transferred through IMPS is Rs. 2 lakh. State-run SBI (State Bank of India) to private sector lenders such as HDFC Bank and ICICI Bank - charge a fee ranging from Rs. 1 to Rs. 15 per IMPS transaction.
Here's a comparison of the charges levied by SBI, HDFC Bank, ICICI Bank and Axis Bank for sending money through IMPS:
IMPS charges of State Bank of India
(As mentioned on SBI's website- onlinesbi.com)
IMPS charges of HDFC Bank
(As mentioned on HDFC Bank's website- hdfcbank.com)
IMPS charges of ICICI Bank
(As mentioned on ICICI Bank's website- icicibank.com)
IMPS charges of Axis Bank
(As mentioned on Axis Bank's website- axisbank.com)
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