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Good news for SBI customers! After 10 days the bank will provide this service free of charge

Good news for SBI customers! After 10 days the bank will provide this service free of charge

State Bank of India (SBI) is going to give its customers an essential facility for free from August 1.

State Bank of India (SBI) is going to give its customers an essential facility for free from August 1. SBI will make free IMPS service related to money transactions from August 1. Apart from this, SBI has also decided to eliminate the charges of NEFT and RTGS. Let us tell you that after the expiry of the charges of online transactions such as NEFT, RTGS, IMPS, the RBI has also ordered its customers to free it with it.

Let us know that three options for fund transfer (NEFT, RTGS and IMPS) are found in online banking.

The government will impose a fine of Rs.

What happens IMPS (Immediate Payment Services) - The abbreviation IMDiet Payment Services is IMPS. IMPS is a mode of transfer of funds through mobile. Using this mode the account holder can transfer funds from mobile to his friend or relative. This facility is provided by NPCI (National Payment Corporation of India).

>> If you have transferred the funds to any person by IMPS at three o'clock at night, then at that time they will be in account holder's account.
Read also - SBI Alerts! Money is safe, so stay away from them.

>> You can also use this service on the day of the holiday. Whereas NEFT and RTGS service are available for a certain time only. In addition, fund transfer takes place on the day of working day. In such a case, if you transfer funds on the day of the holiday, then it is pending till working day.

Time of funds transfer from IMPS
>> Week with day 24 × 7
>> Fund Transfer Limit under IMPS
Minimum: 1 rupee
>> Overall: Rs 2 lakhs




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