Bad news for SBI customers! from August 15 pay these charges on online payment transactions; know full details over here
For retail customers using Internet banking or the YONO app, there will be no charge for transactions up to Rs 25,000. For transfers above Rs 25,000, charges will apply: From Rs 25,000 to Rs 1 lakh – Rs 2 + GST
From Rs 1 lakh to Rs 2 lakh – Rs 6 + GST
From Rs 2 lakh to Rs 5 lakh – Rs 10 + GST Different Rules For Branch Transactions
If you carry out transactions at an SBI branch, there will be no charge for amounts up to Rs 1000. For higher amounts, the charges will be: Rs 1,000 to Rs 10,000 – Rs 2 + GST
Rs 10,000 to Rs 25,000 – Rs 4 + GST
Rs 25,000 to Rs 1 lakh – Rs 4 + GST
Rs 1 lakh to Rs 2 lakh – Rs 12 + GST
Rs 2 lakh to Rs 5 lakh – Rs 20 + GST Exemptions For Specific Account Holders
SBI has waived IMPS charges for certain special salary accounts when transactions are done through online modes. These include Defence Salary Package, Police Salary Package, Central Government Salary Package, and Shaurya Family Pension accounts.
The same revised charges will apply to corporate customers starting September 8. However, certain current accounts like Gold, Diamond, Platinum, and Rhodium along with government departments and legal entities, will be exempt from IMPS charges for online transactions.
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