When it comes to instant fund transfers, IMPS (Immediate Payment Service) has always been a trusted option for SBI customers. But starting August 15, 2025, there’s a change you should know about—the bank has revised its IMPS fee structure. If you often use SBI for money transfers, understanding this SBI IMPS Charges Breakdown 2025 can help you plan smarter and even save on fees.
What’s Changing in the SBI IMPS Charges Breakdown 2025?
The new structure brings in slab-based charges depending on the amount you transfer. Here’s a simplified breakdown:
| Transfer Amount (₹) | New IMPS Fee (Excluding GST) |
|---|---|
| Up to ₹1,000 | No charges |
| ₹1,001 – ₹10,000 | ₹2 |
| ₹10,001 – ₹1,00,000 | ₹5 |
| ₹1,00,001 – ₹2,00,000 | ₹15 |
This IMPS Fee Update makes smaller transfers cheaper while introducing a slight rise for higher-value transactions.
Why This Matters for SBI Customers
For most people who rely on SBI Transfers daily, even a small change in fees can affect monthly budgets. Imagine sending money to your family, paying rent, or handling urgent bills—these charges add up. That’s why knowing the new fee system is crucial.
Smart Banking Tips to Save on IMPS Charges
If you don’t want these costs eating into your transactions, here are a few practical ways to reduce them:
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Use UPI for small transfers – It’s free and instant, perfect for amounts under ₹1 lakh.
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Time your transfers – Instead of multiple small IMPS transactions, club them into one bigger transfer to reduce repeated fees.
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Explore NEFT during working hours – NEFT is free for many SBI digital platforms and works well for non-urgent payments.
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Check YONO app offers – Sometimes, SBI provides discounts or waivers for transfers done via YONO.
Human Impact of the IMPS Fee Update
For salaried employees sending money home, students paying hostel fees, or small business owners managing supplier payments, every rupee matters. This update means:
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Good news for small users: Zero charges for up to ₹1,000 keeps small transfers affordable.
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Slight pinch for larger transfers: Those frequently moving amounts above ₹1 lakh will feel the difference.
Ultimately, this is about being aware and choosing the right transfer method based on your needs.
FAQs on SBI IMPS Charges Breakdown 2025
Q1. From when will the new SBI IMPS charges apply?
The updated charges will be effective from August 15, 2025.
Q2. Is there any way to completely avoid IMPS fees?
Yes. For small amounts, UPI is completely free, and NEFT is also free via SBI’s online channels for most transactions.
Q3. Are the charges the same for using SBI YONO and Internet Banking?
Yes, the new IMPS fee applies across SBI’s digital platforms, but YONO may occasionally offer promotional fee waivers.
Q4. Do these fees include GST?
No. The amounts listed are exclusive of GST, which will be added as applicable.
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