No charge on ₹1k transfer via Immediate Payment Service: SBI
SBI has waived charges for fund transfer of up to ₹1,000 through its Immediate Payment Service (IMPS) to promote small transactions. The charge will be ₹5 along with GST for fund transfer of ₹1,000-1 lakh, and up to ₹15 for transactions of ₹1-2 lakh. SBI was earlier charging ₹5 along with service tax for such transfers of up to ₹1,000.