MoneyWorks4Me

SBI decides to remove IMPS charges on internet banking: Report

08 Jul 2019 Evaluate

State Bank of India (SBI) has reportedly decided to remove the charges on IMPS (Immediate Payment Service) transactions on internet banking (INB)/ mobile banking service (MBS) with effect from August 1, 2019. While it will offer IMPS free of charge on INB/MBS, the bank has revised the same on IMPS transactions at branches.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.

Peers
Company Name CMP
State Bank Of India 940.65
PNB 115.50
Bank Of Baroda 234.10
Canara Bank 117.20
Union Bank Of India 172.95
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