The State Bank of India (SBI) has revised its IMPS (Immediate Payment Service) transaction charges, effective 15 February 2026. While IMPS transfers up to ₹25,000 through online channels remain free, new charges now apply for higher-value online IMPS transactions. Importantly, branch IMPS charges remain unchanged.
This article explains the latest SBI IMPS charges, slab-wise fees, exemptions, and what account holders should know before transferring money.
What Is IMPS?
IMPS (Immediate Payment Service) is a real-time interbank electronic fund transfer system that allows customers to send money instantly using:
- Mobile number & MMID
- Bank account number & IFSC
IMPS works 24×7, including Sundays and bank holidays, making it one of the fastest payment options in India.
SBI Revised IMPS Charges (Effective from 15-02-2026)
Bank: State Bank of India
Online Channel vs Branch Channel Charges
| IMPS Transaction Amount | Online (Earlier) | Online (Revised) | Branch (Earlier) | Branch (Revised*) |
|---|---|---|---|---|
| Up to ₹1,000 | Free | Free | Free | Free |
| Above ₹1,000 – ₹10,000 | Free | Free | ₹2 + GST | ₹2 + GST |
| Above ₹10,000 – ₹25,000 | Free | Free | ₹4 + GST | ₹4 + GST |
| Above ₹25,000 – ₹1,00,000 | Free | ₹2 + GST | ₹4 + GST | ₹4 + GST |
| Above ₹1,00,000 – ₹2,00,000 | Free | ₹6 + GST | ₹12 + GST | ₹12 + GST |
| Above ₹2,00,000 – ₹5,00,000 | Free | ₹10 + GST | ₹20 + GST | ₹20 + GST |
* No change in branch IMPS charges
Key Takeaways for SBI Customers
- Online IMPS is free up to ₹25,000
- Charges apply only for online IMPS above ₹25,000
- Branch IMPS charges remain unchanged
- GST is applicable on IMPS service charges
- IMPS continues to be available 24×7
IMPS Charges Waived for These SBI Accounts
SBI continues to waive IMPS transaction charges for select salary and special savings accounts.
Salary / Pension Package Accounts
- DSP
- PMSP
- ICGSP
- CGSP
- PSP
- RSP
- Shaurya Family Pension Accounts
Special Savings Accounts
- CSP / SGSP / SUSP
- Family Savings Account – SBI RISHTEY
Customers holding these accounts can continue using IMPS without any charges, even after 15 February 2026.
Should You Still Use IMPS?
IMPS remains a fast and reliable payment method, especially for urgent transfers. However:
- For amounts above ₹25,000, users may consider NEFT, which remains free on SBI online channels.
- For small and instant payments, UPI is still the most cost-effective option.
Choosing the right payment mode can help avoid unnecessary charges.
The revised SBI IMPS charges from 15 February 2026 mainly impact high-value online IMPS transactions, while smaller transfers remain unaffected. Branch customers will see no change, and many salary account holders continue to enjoy complete fee waivers.
Before making a transfer, it’s always wise to check the amount slab and applicable charges to select the most cost-efficient payment option.
