SBI IMPS Limit

State Bank of India (SBI) is one of the largest banks in India and is headquartered in Mumbai. It is a public sector bank and was founded in 1955 as a result of the nationalization of the Imperial Bank of India. SBI provides a wide range of banking services to individuals, businesses, and corporates, including savings accounts, current accounts, loans, credit cards, insurance, and investment services.

When doing an IMPS transfer from your SBI account, it is imperative to know how much of the amount you can actually send. Thus, we provide you with all the information around SBI IMPS limit per day along with the IMPS limit SBI for every transaction. Read on.

SBI IMPS Limit

Earlier in 2010, when the IMPS system was launched, SBI was one of the only banks to be participating with RBI in the project. At that time, the IMPS limit was set at Rs 1 lakh per day. This was for all the participating banks (SBI, BOI, UBI, ICICI, HDFC, Axis and Yes Bank).

However, from 1^st Feb 2022 i.e. 12 years from its inception, limit for SBI IMPS was enhanced. Currently, SBI IMPS limit is set at Rs 5 lakhs per day. Please note that this limit is not per transaction, i.e. you may make multiple transactions or a single transaction but it cannot go beyond Rs 5 lakhs in a day.

SBI IMPS Charges

There are no SBI IMPS charges when the transfer is done digitally, i.e. using either the mobile banking or internet banking option.

However, if done at the bank, you will be charged with:

Rs 5 for IMPS amount of up to Rs 1 lakh

Rs 15 for transfers above Rs 1 lakh and up to Rs 5 lakhs

Also, check all related details about the IMPS:

SBI IMPS Limit: FAQs