India’s largest public sector lender State Bank of India (SBI) has announced revision on its Immediate Payment Service (IMPS) charges for retail customers. SBI’s latest IPMS charges are applicable from February 15.
The National Payments Corporation of India (NPCI) offers IMPS, a real-time payment system that is accessible around the clock and has a Rs 5 lakh transaction limit (apart from SMS and IVR channels).
