Here’s some good news for SBI customers. The State Bank of India will not be charging its customers for Immediate Payment Service (IMPS) from now on, starting today i.e., 1 August 2019.

The largest commercial bank in the country had earlier waived-off transnational charges for National Electronic Fund Transfer (NEFT) and Real-Time Gross Settlement (RTGS) for YONO (SBI’s digital banking platform), internet banking as well as mobile banking, that came into effect from 1 July 2019.