IMPS Transaction Charges - Why It Should be Removed?

Edit this post
IMPS or Immediate Payment Service is a revolutionary idea and is one of the electronic funds transfer systems of India. Started in Nov.-2010. IMPS offers an instant, 24X7, interbank electronic fund transfer service through mobile phones. It is important to know the charges being levied for the transaction and we feel that this so called transaction charges should be done away with as it is a means to control the black money in India.

Effective 15th May 2015, below Service charges will be levied on all IMPS Outgoing transactions.


Slabs (Rs)          Existing Charges (Excluding Taxes)     Revised Charges (Excluding Taxes)
Upto Rs, 10,000           3.5                                                         5
10,001 Upto 100,000   5                                                         5
100,001 Upto 200,000  15                                                        15

Related Posts

Nifty / Bank Nifty Option Tip

Looking to trade intraday Nifty or Bank Nifty options? Our Nifty / Bank Nifty Option Tip shares trading calls with a defined entry, target and stop loss, so you know your risk before you trade. It suits traders who follow the market on a trading screen as well as those who place orders through their broker or by phone. Click on Image or Post Title to Read More.

Latest Video Reviews by Clients

Watch video reviews recorded by our clients about their experience with Indian-Share-Tips.com services, including the Nifty / Bank Nifty Option Tip and Delivery Tip. Click on Image or Post Title to Read More.

Awards and Recognition

See the awards and recognition Indian-Share-Tips.com has received over the years for its work in stock market research and investor education. Click on Image or Post Title to Read More.