SBI raises IMPS transfer charges: What you need to know

The State Bank of India is shaking things up by raising IMPS transfer charges starting February 15. If you thought online transfers over Rs 25,000 were free, think again! But don’t worry, transfers up to Rs 10,000 are still free, and branch transfers remain charge-free too. Salary accounts, you’re still in the clear! Just keep an eye on those new rates!