Banking charges: SBI to levy nominal fee on IMPS transfers above Rs 25,000 from August 15, corporate rates from September 8

State Bank of India will levy nominal charges on IMPS fund transfers exceeding Rs 25,000 via online channels, effective August 15. These charges range from Rs 2 to Rs 10 based on the transaction amount, with GST applicable. Salary package account holders and specific current account categories will be exempt from these charges.

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