State bank of india: If you have an account in State Bank of India (SBI), then this news is very important for you. Actually, this largest government bank of the country has made a big change in the rules of sending money online through IMPS (Imiderate Payment Service). SBI is going to change the charge on online IMPS transfer from August 15. This change will be for retail customers. At the same time, these changes will be effective from September 8 for corporate customers. This rule of SBI is expected to affect around 40 crore customers.

How much fee will be paid?

Usually IMPS is used to send money immediately online, but now with this new change you may have to pay a small price on some big transactions. However, SBI has kept small transactions customers out of the purview of this rule. There will be no fee on transactions up to Rs 25,000.

There will be no fee on transactions up to Rs 25,000 through internet banking or Yono app. You will have to pay a minor fee on transfer of more than Rs 25,000.

Rs 25,000 to Rs 1 lakh – Rs 2 + GST
1 lakh rupees to Rs 2 lakh – 6 rupees + GST
2 lakh rupees to Rs 5 lakh – 10 rupees + GST

Explain that this fee will be applicable only to the IMPS transactions done in the way online (Internet Banking, Mobile Banking).

Rules of transactions from branch are different

If you go to any branch of State Bank of India and do transactions, then no fee will be paid on the amount up to Rs 1000. This will have to pay for a big amount.

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
1 lakh rupees to 2 lakh rupees – 12 rupees + GST
2 lakh rupees to 5 lakh rupees – 20 rupees + GST

These people will not have to pay any charge

However, SBI has waived the IMPS fee on online transactions for some special salary accounts. That is, they have been given a complete discount from this new charge. These include Defense Salary Package, Police Salary Package, Central Government Salary Package and Shaurya Family Pension Account. From September 8, the same revised fees will be applicable on corporate customers. However, some current accounts like Gold, Diamond, Platinum and Rodium, along with government departments and legal institutions, will be exempted from IMPS charge for online transactions.

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