The State Bank of India (SBI) will revise its Immediate Payment Service (IMPS) transaction charges for retail customers from August 15, 2025, affecting different slabs for online and branch channels. The revision is expected to impact customers making higher-value online transfers, while small transactions remain untouched.

Free limit retained for small-value online transactions

IMPS transfers of up to Rs 25,000 made through SBI’s online platforms will continue to be free of charge. However, online transactions above Rs 25,000 will attract nominal fees from the revision date.

New online IMPS charges for higher-value transfers

From August 15, SBI will levy:

Rs 2 + GST for transactions above Rs 25,000 and up to Rs 1,00,000

Rs 6 + GST for transactions above Rs 1,00,000 and up to Rs 2,00,000

Rs 10 + GST for transactions above Rs 2,00,000 and up to Rs 5,00,000

Previously, these online transfers were free for all customers.

Branch transaction charges unchanged

Service charges for IMPS transactions carried out at SBI branches remain the same, with fees starting at Rs 2 + GST and going up to Rs 20 + GST.

Salary package account holders enjoy continued waivers

Customers with salary package accounts will continue to receive waivers for all online IMPS transactions. This includes Defence, Para Military, Indian Coast Guard, Central Government, Police, and Railway salary packages, along with Shaurya Family Pension Accounts, Corporate Salary Package, State Government Salary Package, Startup Salary Package, and Family Savings Account–SBI Rishtey.