UCO 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
Retail Banking Service Charges · General
IMPS: nil up to Rs 1,000, Rs 2.55 from Rs 1,001 to Rs 10,000, Rs 5.09 from Rs 10,001 to Rs 1,00,000, Rs 14.41 from Rs 1,00,001 to Rs 5,00,000.
| Rate | Bank’s figure | With 18% GST |
|---|---|---|
| Up to Rs 1,000 | ₹0 | — |
| Rs 1,001 to Rs 10,000 | ₹2.55 | ₹3.01 |
| Rs 10,001 to Rs 1,00,000 | ₹5.09 | ₹6.01 |
| Rs 1,00,001 to Rs 5,00,000 | ₹14.41 | ₹17 |
The bank's figure is before tax, so 18% GST is added on top.
Applies when: UCO Bank IMPS. Charges are exclusive of GST.
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.