Indian Bank · statement narration
IMPS CHG
Also printed as: IMPS CHARGES · IMPS COMM · IMPS TXN CHG
Decoded
A charge on an IMPS instant transfer.
Hinglish meinIMPS instant transfer par lagne wala charge.
- Up to Rs 1,000
- ₹2.50 + 18% GST
- Rs 1,001 to Rs 10,000
Rs 1,001 to Rs 10,000, ₹5 + 18% GST
From Indian Bank — Service Charges (Last Updated 20.04.2026)
Verified
- ₹5 + 18% GST
IMPS CHG on your Indian Bank statement — A charge on an IMPS instant transfer. The bank publishes a rate table, not one figure; the rates are below.
Read from Indian Bank — Service Charges (Last Updated 20.04.2026) on 2026-09-05.
IMPS transfer charge: what other banks publish
Bank’s own figures, before GST. Where a bank publishes several rates, the bar runs from its lowest to its highest — its table below says which applies to whom. Tap a figure for its source.
Show all 20 banks
Not on this chart (1)
- ICICI Bank — Levied per transaction rather than per transaction, so not drawn against the others.
What it costs, including GST1 rule · rate table, conditions and waiver
Retail Banking Service Charges · General
IMPS: Rs 2.50 up to Rs 1,000, Rs 5 from Rs 1,001 to Rs 25,000, and Rs 15 from Rs 25,001 to Rs 5 lakh, at the same rate at the branch and at internet and mobile banking.
| Rate | Bank’s figure | With 18% GST |
|---|---|---|
| Up to Rs 1,000 | ₹2.50 | ₹2.95 |
| Rs 1,001 to Rs 10,000 | ₹5 | ₹5.90 |
| Rs 10,001 to Rs 25,000 | ₹5 | ₹5.90 |
| Rs 25,001 to Rs 1,00,000 | ₹15 | ₹17.70 |
| Above Rs 1 lakh to Rs 2 lakh | ₹15 | ₹17.70 |
| Above Rs 2 lakh to Rs 5 lakh | ₹15 | ₹17.70 |
The bank's figure is before tax, so 18% GST is added on top.
Applies when: Indian Bank IMPS. The schedule states the same rate at the branch and at internet and mobile banking, so no channel split is stored. Not applicable to staff and ex-staff. GST is additional.
Why it happened and how to avoid it
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.
Dispute this chargeRBI dispute template, ready to copy
Official source1 document
- Indian Bank — Service Charges (Last Updated 20.04.2026)
Retrieved 2026-09-05
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