SBI waives charge on IMPS fund transfer of up to 1,000

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....BI waives charge on IMPS fund transfer of up to 1,000 <br>GST<br>Dated:- 12-7-2017<br><BR>New Delhi, July 12 (PTI) Country&#39;s largest bank SBI has waived charges for fund transfer of up to &#8377; ....

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....1,000 through its IMPS (Immediate Payment Service) to promote small transactions. State Bank of India had been charging &#8377; 5 along with the applicable service tax for IMPS fund transfer of up to....

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.... &#8377; 1,000. IMPS is an instant interbank electronic fund transfer service through mobile phones as well as internet banking. &quot;In order to promote small ticket size transactions, SBI has wai....

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....ved off IMPS charges for transfer up to &#8377; 1,000,&quot; the bank said while informing about the revised IMPS transfer charges under the Goods and Services Tax (GST) regime. For IMPS, charge will....

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.... be &#8377; 5 along GST for fund transfer in the range of &#8377; 1,000 to &#8377; 1 lakh. The charge will go up to &#8377; 15 for transactions of &#8377; 1-2 lakh. GST at the rate of 18 per cent is ....

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....applicable on all financial transactions.<BR> News - Press release - PIB....