India’s largest lender, State Bank of India (SBI), has announced updates to its customer transaction charges, affecting both IMPS transfers and ATM usage.
While small digital transfers remain free, larger transactions and interbank ATM usage may now come with additional costs, effective February 15, 2026, for IMPS and December 1, 2025 for ATMs. SBI clarified that IMPS transfers up to Rs 25,000 via internet banking, mobile banking, or the YONO app will continue to be free. However, higher-value transfers will now incur fees: Rs 25,000 to Rs 1 lakh: Rs 2 + GST Rs 1 lakh to Rs 2 lakh: Rs 6 + GST Rs 2 lakh to Rs 5 lakh: Rs 10 + GST The bank emphasised that while IMPS remains free for smaller amounts, customers making larger transfers should be aware of the new charges. Branch Transfers And Account Exemptions Good news for branch-based transactions: IMPS charges at SBI branches remain unchanged, ranging from ₹2 to ₹20 + GST. Certain accounts are also exempt from the new IMPS fees, including DSP, PMSP, ICSP, CGSP, PSP, RSP accounts, Shaurya Family Pension Account, and SBI Rishtey Family Savings Account. SBI also reminded customers that the daily IMPS limit is Rs 5 lakh, and since transfers are instant, once sent, the money cannot be returned. “The bank is advising customers to carefully check beneficiary details before making a transfer.” ATM And Transaction Fee Updates Earlier, SBI revised ATM and ADWM charges effective December 1, 2025. Key changes include: Savings accounts: Rs23 + GST for withdrawals at other banks’ ATMs after the free limit; 10 free transactions per month for salary accounts. Current accounts: Increased Charges on All Transactions Exemptions: KCC accounts (unlimited free), BSBD accounts (no changes), and cardless withdrawals at SBI and other ATMs (free) SBI recommends using its 63,000+ ATMs and ADWMs to minimise additional costs. By planning transactions wisely, customers can largely avoid extra charges while still enjoying digital banking convenience.
