No charge on â¹1k transfer via Immediate Payment Service: SBI
SBI has waived charges for fund transfer of up to â¹1,000 through its Immediate Payment Service (IMPS) to promote small transactions. The charge will be â¹5 along with GST for fund transfer of â¹1,000-1 lakh, and up to â¹15 for transactions of â¹1-2 lakh. SBI was earlier charging â¹5 along with service tax for such transfers of up to â¹1,000.