SBI Customers ALERT! This Rule is Set to Change From Next Month; Details Here

SBI Rules Change: From next month, customers of India’s largest public sector lender, the State Bank of India, will not have to pay any service charges on on IMPS transactions up to Rs 5 lakh done digitally, that is though internet banking, mobile banking and YONO. SBI IMPS, NEFT, RTGS Rules Change: What Notification Says “In an aim to encourage customers to adopt digital banking, SBI has not levied any Service Charges on IMPS transactions upto Rs. SBI New Rules on IMPS, NEFT and RTGS Transactions SBI IMPS Charges — Online Mode No service charge or GST will be levied on any IMPS transaction, done through internet or mobile banking, up to an amount of Rs 5 lakh. SBI IMPS Charges — Offline Mode Up to Rs 1,000: No charge Above Rs 1,000 and up to Rs 10,000: Rs 2 service charge + GST Above Rs 10,000 and up to Rs 1,00,000: Rs 4 service charge + GST Above Rs 1,00,000 and up to Rs 2,00,000: Rs 12 service charge + GST Above Rs 2,00,000 and up to Rs 5,00,000 : Rs 20 service charge + GST NEFT Service Charges for SBI — Online Mode No service charge or GST will be levied on any NEFT transaction, done through internet or mobile banking including the YONO app, even if it is above Rs 2 lakh. NEFT Service Charges for SBI — Offline Mode Up to Rs 10,000: Rs 2 service charge + GST Above Rs 10,000 and up to Rs 1,00,000: Rs 4 service charge + GST Above Rs 1,00,000/- and up to Rs 2,00,000: Rs 12 service charge + GST Above Rs 2,00,000: Rs 20 service charge + GST RTGS Service Charges for SBI — Online Mode No service charge or GST will be levied on any RTGS transaction, done through internet or mobile banking including the YONO app, even if it is above Rs 5 lakh.