SBI IMPS Charges Change: From August 15, 2025, the State Bank of India (SBI) is going to implement a new change for its millions of customers, which will directly affect those who make digital payments. The country’s largest bank has announced a revision in the charges related to Immediate Payment Service (IMPS). The most important thing in this change is that small transactions will still be completely free, but some large online transactions will now have to pay a small fee.
Online and branch – different impact
SBI has clarified that this change will be applicable differently on both online and branch channels. There has been no change in the IMPS fee in the branches; that is, if you get IMPS done from the bank counter, then the old charges will remain applicable as before. At the same time, a new fee structure will be applicable for those doing online transactions.
Giving relief to small customers, SBI has kept online IMPS transactions up to Rs 25,000 completely free. But if the amount is more than Rs 25,000, then a fee will have to be paid. The bank says that this charge will not be applicable for salary account holders, and they will be able to do IMPS transfer for free as before.
How much will be the fee for online IMPS transactions?
According to the new rates, for online IMPS transactions, a fee of Rs 2 + GST will have to be paid on an amount of more than Rs 25,000 and up to Rs 1,00,000, Rs 6 + GST on Rs 1,00,000 to Rs 2,00,000, and Rs 10 + GST on Rs 2,00,000 to Rs 5,00,000. Earlier, all these transactions were completely free, but now the bank has introduced them with a nominal charge.
Status of branch transactions
If you go to an SBI branch and do IMPS, then a fee starting from Rs 2 + GST will be charged up to Rs 20 + GST, which is already applicable, and there has been no change in it.
Know the charges of other banks as well
Along with SBI, IMPS charges are different in other big banks. For example, transactions up to Rs 1,000 are free in Canara Bank, while transactions from Rs 25,000 to Rs 1,00,000 are charged Rs 8 + GST. IMPS up to Rs 1,000 is free in Punjab National Bank (PNB), but transactions from Rs 1,001 to Rs 1,00,000 are charged Rs 6 + GST from the branch and Rs 5 + GST from online.
RBI Report – Generative AI will change the face of Indian banking
Meanwhile, a recent report by the Reserve Bank of India (RBI) has presented an exciting picture of the future of the banking industry. The report claims that generative artificial intelligence (AI) can increase the efficiency of Indian banking operations by up to 46% in the coming years.
How will it benefit?
According to the RBI, AI will not only understand customer habits in depth but also make services personalized and faster. This will also enable banks to perform better in risk management. The special thing is that generative AI will be able to provide banking services to those who do not have any formal credit history. Based on non-traditional data like electricity bill payment, mobile recharge, GST return, and online shopping, AI will decide their creditworthiness.
AI chatbots provide instant service to customers
Now, AI chatbots are also playing an active role in the banking sector. They answer customer questions immediately, giving bank employees time to focus on complex matters.
Big market in the coming years
RBI estimates that the market for generative AI will grow rapidly in the next decade and by 2033 it will be more than Rs 1.02 lakh crore (about $ 12 billion). With proper use, this technology can make India’s banking more efficient, transparent and customer-friendly.