Axis Bank IMPS Charges

Last Updated : June 30, 2025, 12:29 p.m.

The Immediate Payment Service (IMPS) is a popular, real-time fund transfer system in India, allowing instant money transfers 24/7, including weekends and holidays. Axis Bank, one of India’s leading private banks, offers seamless IMPS services through its mobile app, net banking, and ATMs.

However, understanding the charges associated with Axis Bank IMPS transactions is crucial for cost-effective financial planning.

What is IMPS?

IMPS, managed by the National Payments Corporation of India (NPCI) and regulated by the Reserve Bank of India (RBI), enables instant interbank fund transfers using a mobile number and Mobile Money Identifier (MMID), account number and IFSC code, or Aadhaar number. Axis Bank’s IMPS service is accessible via:

• Axis Mobile App : For quick, tap-and-pay transactions.
• Net Banking : For secure desktop-based transfers.
• ATMs : For card-based IMPS transactions.

IMPS is ideal for urgent payments, bill settlements, and transfers up to ₹5 lakh per day, with Axis Bank setting a daily limit of ₹2 lakh for most accounts.

What are the types of IMPS transfers?

Customers can transfer and receive funds via IMPS using the below options:

• Registered Mobile number and Mobile Money Identifier (MMID)
• Internet Banking using their Account number and IFSC code
• IMPS Merchant Payments

Axis Bank IMPS Fees & Charges in 2025

Axis Bank’s IMPS charges vary based on the transaction amount and mode of initiation. As of 2025, the following charges apply for outward IMPS transactions (inward transactions are free):

• Up to ₹1,000 : ₹2.50 + GST
• ₹1,001 to ₹1 lakh : ₹5 + GST
• ₹1 lakh to ₹2 lakh : ₹15 + GST
• Above ₹2 lakh to ₹5 lakh : ₹17 + GST (subject to account type)

How to Initiate an IMPS Transfer with Axis Bank?

To transfer funds using Axis Bank IMPS, follow these steps:

1. Log In : Access the Axis Mobile App or net banking portal with your credentials.
2. Add Beneficiary : Under “Fund Transfer,” select “Add Payee” and enter the beneficiary’s details (account number and IFSC code or mobile number and MMID).
3. Select IMPS : Choose “IMPS” as the transfer mode.
4. Enter Amount : Input the transaction amount (up to ₹2 lakh per day for most accounts).
5. Authenticate : Verify the transaction using OTP or MPIN.
6. Confirm : Review details and submit. Funds are credited instantly, with SMS/email confirmation.

Benefits of Axis Bank IMPS

• 24/7 Availability : Transfer funds anytime, including holidays and weekends.
• Instant Transfers : Funds are credited to the beneficiary’s account immediately.
• Versatility : Use mobile number/MMID, account number/IFSC, or Aadhaar for transactions.
• Wide Reach : Transfer to any bank account in India participating in IMPS.
• Cost-Effective : Competitive charges, with free transfers for inward transactions and select digital modes.

Factors to Consider Before Using Axis Bank IMPS

• Transaction Limits : Axis Bank caps IMPS at ₹2 lakh per day for most accounts, though some premium accounts may have higher limits.
• Charges : Check if your account type (e.g., Priority, Salary) qualifies for waived fees.
• KYC Compliance : Ensure your mobile number, PAN, and Aadhaar are linked for seamless transactions.
• Account Type : Charges may differ for zero-balance, salary, or current accounts. Verify with Axis Bank’s latest schedule.

Conclusion

Axis Bank’s IMPS service offers a fast, secure, and convenient way to transfer funds instantly in 2025. With charges ranging from ₹2.50 to ₹17 + GST based on transaction amount, it remains a cost-effective option for urgent payments. By using the Axis Mobile App or Axis Bank net banking , you may benefit from waived fees for certain accounts, enhancing savings.