Punjab & Sind Bank · statement narration
IMPS CHG
A charge on an IMPS instant transfer.
In plain English
A charge on an IMPS instant transfer.
Also printed as IMPS CHARGES, IMPS COMM, IMPS TXN CHG.
Hinglish mein
IMPS instant transfer par lagne wala charge.
What it costs, including GST
Savings Accounts — Service Charges · Net banking
Online IMPS transaction amount slab
| Rate | Bank’s figure | With 18% GST |
|---|---|---|
| Up to Rs 25,000 | ₹0 | — |
| Over Rs 25,000 up to Rs 50,000 | ₹5 | ₹5.90 |
| Over Rs 50,000 up to Rs 2 lakh | ₹10 | ₹11.80 |
| Over Rs 2 lakh up to Rs 5 lakh | ₹15 | ₹17.70 |
The bank's figure is before tax, so 18% GST is added on top.
Applies when: Punjab & Sind Bank IMPS Online Mode only. Branch-mode charges are not represented because the current official page says branch IMPS is under testing/development and charges apply only as and when implemented in CBS.
Why it happened
An IMPS transfer was sent from your account.
How to avoid it
Use UPI for smaller amounts, or NEFT through digital banking, both of which usually carry no charge.