Good news for SBI account holders

If you are the State Bank of India (SBI) account holder then this news is for you. The bank has made changes in the money transfer service, IMPS, which is imposed on the Immediate Payment Service. According to the new procedure, the IMPS up to Rs.1000 will be free. SBI has given this information on Twitter
The IMPS transfer of 1000 to 1 lakh will now be charged 5 rupees. At the same time, 15 rupees have been charged for transfers of Rs. 1 lakh to Rs. 2 lakhs. These shukla also includes GST.

Can be transferred from mobile phone or internet banking using IMPS service. This service is available 24x7 including holidays.
NEFT and RTGS are also cheap
At the same time, the bank has reduced other money transfer services - NEFT and RTGS transaction fees. The bank says that the fee for online money transfer services has been reduced to promote digital transaction.
Earlier, transfer of Rs 10,000 by NEFT was charged Rs 2. Now it has been reduced to 1 rupee. It includes 18 percent GST. The fee for NEFT transfers from Rs 10,000 to Rs. 1 lakh has been reduced from 4 rupees to 2 rupees.

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