To make quick and easy fund transfers, IMPS is the safest payment service offered by the Indian Bank. However, there are certain Indian Bank IMPS charges which is paid by the user at the time of making IMPS transaction.
IMPS Charge Levied by Indian Bank
Indian Bank attracts certain IMPS charges from the customer when they decide to send money via IMPS. Indian Bank IMPS charges are mentioned in the table given below:
| Transaction Amount | Indian Bank IMPS Charges (Per transaction) |
| For transactions up to Rs. 25000 | NIL |
| For transactions above Rs. 25000 up to Rs. 2 lakh | Rs. 6 + GST |
Benefits of Indian Bank IMPS Services
Given below are some of the benefits of availing Indian Bank IMPS service:
- All Indian Bank customers can use this service
- You can send money 24x7x365 even on bank holidays
- Account holders can transfer up to Rs. 2 lakhs through IMPS per day
- Through IMPS, you can even pay credit card bills, utility bills and make online purchase through your smartphones
Also, check all related details about the IMPS:
Indian Bank IMPS Charges : FAQs
No. Indian Bank does not charge any amount if fund transfer is up to Rs. 25,000.
IMPS transactions is generally processed within 30 minutes from the time of initiating the IMPS transaction.
A Mobile Money Identifier or MMID is given to every customer who opts for mobile banking services.
IMPS stands for Immediate Payment Service.
UPI stands for Unified Payments Interface.
