Unbelievable reduction in Sbi imps charges

Have you come to know that sbi imps charges are decreased to maximum extent? If you don’t know, now try to know how much sbi imps charges are reduced. First of all, do you know what is IMPS service provided by SBI. SBI IMPS stands for immediate payment service. You can avail this SBI IMPS service through SBI anywhere app or through sbi internet banking or through sbi ATMs.

sbi imps charges

The use of SBI IMPS facility is to transfer money to other accounts instantly with the mobile phones. Another best feature of this IMPS facility is without adding beneficiary we can transfer money. We know that in general process if you transfer money through NEFT service, amount won’t be credited instantly. NEFT service almost a week to credit the amount in the other account. So in emergency situations NEFT is not useful. If you need to transfer money quickly you should send it through IMPS service only. Within no time the amount will be credited through this IMPS service.

But the problem is SBI is going to charge some money for transferring money through IMPS facility. Some days back sbi imps fee was too much high. But now the situation is changed. Sbi reduced IMPS charges maximum level.

Sbi imps service new charges:

The decreased sbi imps charges are applicable from oct 2017

AMOUNT                                                                            SBI IMPS NEW CHARGES

One thousand or below thousand                                              No charge i.e. its free

Rs.1001 to Rs.10000                                                                         Rs.1

Rs.10001 to 100000                                                                          Rs.2

Rs.100001 to 200000                                                                        Rs.3

If you observe the above sbi imps service charges, really we can say that sbi reduced imps fee a lot. If you compare previous IMPS charges and new charges it’s unbelievable. By this maximum sbi account holders will be benefited. So for this, we should appreciate sbi management. They did a good thing by reducing imps charges.

Also Read:

SBI Account statement without internet banking 

SBI ATM withdrawal limit per day details 

Minimum balance in SBI savings account 

SBI toll free number for ATM Card

SBI Mini statement missed call number 

SBI debit card customer care number