Federal Bank Limited · statement narration
IMPS CHG
IMPS CHG on your Federal Bank Limited statement — A charge on an IMPS instant transfer. The bank publishes a rate table, not one figure; the rates are below.
Also printed as
IMPS CHARGES, IMPS COMM, IMPS TXN CHG.
Hinglish mein
IMPS instant transfer par lagne wala charge.
What it costs, including GST
Retail Banking Service Charges · Other
IMPS fund-transfer amount slab
| Rate | Bank’s figure | With 18% GST |
|---|---|---|
| Rs 1 to Rs 1,000 | ₹2.50 | ₹2.95 |
| Above Rs 1,000 to Rs 25,000 | ₹5 | ₹5.90 |
| Above Rs 25,000 to Rs 1 lakh | ₹7 | ₹8.26 |
| Above Rs 1 lakh | ₹15 | ₹17.70 |
The bank's figure is before tax, so 18% GST is added on top.
Applies when: Federal Bank liability-product schedule. FedMobile and FedNet both state IMPS is applicable as per this IMPS charge table; product-specific FI/Jupiter scheme waivers may exist and must be modeled separately rather than flattening the base tariff.
Why it happened
An IMPS transfer was sent from your account.
How to avoid it
Use UPI for smaller amounts, or NEFT through digital banking, both of which usually carry no charge.