Bank of India IMPS Charges

Last Updated : July 2, 2025, 5:22 p.m.

In the fast-evolving world of digital banking, Bank of India IMPS charges are crucial for customers looking for swift, secure, and cost-effective fund transfers. Immediate Payment Service (IMPS) allows Bank of India (BOI) account holders to transfer money instantly, 24/7, including weekends and holidays, making it a preferred choice for urgent transactions.

This article provides a comprehensive guide to BOI IMPS charges 2025, transaction limits, and steps to perform IMPS transfers.

Bank of India IMPS Fees in 2025

Bank of India maintains competitive pricing for IMPS transactions, with charges varying based on the transaction amount and channel used (net banking, mobile banking, or branch). As of 2025, the Bank of India IMPS fees are as follows, based on available information:

• Up to ₹1,000 : Free of cost
• ₹1,001 to ₹1,00,000 : ₹2.50 + GST per transaction
• ₹1,00,001 to ₹5,00,000 : ₹5 + GST per transaction

Key Points :

• Outward IMPS Transactions : The above charges apply to funds sent from a BOI account.
• Inward IMPS Transactions : No charges for receiving funds.
• Mobile Banking : IMPS transactions via the BOI Mobile OMNI Neo app may be free for certain account types, such as premium or priority banking customers.
• Branch-Based IMPS : Additional service fees may apply for transactions initiated at a branch; confirm with the nearest BOI branch.
• GST : Standard GST rates are applicable on all mentioned charges.

Key Features of Bank of India IMPS

• 24/7 Availability : Transfer funds anytime, including weekends and bank holidays.
• Instant Transfers : Funds are credited to the beneficiary’s account within minutes.
• Secure Transactions : Uses OTP-based authentication and 128-bit SSL encryption for safety.
• Flexible Options : Transfer using Mobile Money Identifier (MMID) and mobile number or IFSC code and account number.

Bank of India IMPS Transaction Limits

Bank of India aligns its IMPS transaction limits with RBI and NPCI guidelines to ensure security and compliance. The IMPS transfer limits for BOI in 2025 are:

• Maximum Daily Limit : ₹5,00,000 (via mobile banking or net banking).
• Per Transaction Limit : Up to ₹5,00,000, depending on account type and customer profile.
• Minimum Transaction Amount : ₹1.
• MMID-Based Transfers : Limited to ₹5,000 per day for added security.
• Third-Party Transfers : Limits may be lower for transfers to non-BOI accounts, subject to account settings.

To verify specific limits for your account, log in to BOI net banking or the BOI Mobile OMNI Neo app, or contact customer support.

Benefits of Using Bank of India IMPS

• Low or No Charges : Free for transactions up to ₹1,000 and minimal fees for higher amounts.
• Instant Transfers : Funds are credited within minutes, ideal for urgent payments.
• Secure : OTP authentication and SSL encryption ensure safety.
• Convenient : Accessible via mobile app, net banking, or branches.
• 24/7 Availability : Transfer funds anytime, even on holidays.

Security Tips for Bank of India IMPS Transactions

• Protect OTPs : Never share your OTP with anyone, as it’s critical for transaction authentication.
• Use Secure Networks : Avoid public Wi-Fi for mobile or net banking transactions.
• Log Out : Always log out after completing transactions to prevent unauthorized access.
• Monitor Accounts : Regularly check your transaction history for suspicious activity.
• Use Official Channels : Access IMPS services only through BOI’s official website or app.

Comparison with Other Banks’ IMPS Charges

Here’s how Bank of India IMPS charges compare with other major banks in 2025:

• State Bank of India (SBI) : Free via YONO app or net banking; branch-based charges are ₹2 + GST (₹1,001–₹10,000), ₹5 + GST (₹10,001–₹1,00,000), ₹15 + GST (₹1,00,001–₹5,00,000).
• HDFC Bank : Free via net banking or mobile banking; branch-based charges are ₹3.50 + GST (up to ₹1,000), ₹5 + GST (₹1,001–₹1,00,000), ₹10 + GST (₹1,00,001–₹5,00,000).
• ICICI Bank : ₹2.50 + GST (up to ₹1,000), ₹5 + GST (₹1,001–₹25,000), ₹15 + GST (₹25,001–₹5,00,000). Free for Wealth Management and Privilege Banking customers.
• Bank of Baroda : Free via mobile banking or net banking; branch-based charges may apply.

Bank of India’s IMPS charges are highly competitive, especially with free transactions up to ₹1,000 and low fees for higher amounts, making it a cost-effective option for digital transfers.

Conclusion

Bank of India’s IMPS service offers a fast, secure, and affordable way to transfer funds instantly, with no charges for transactions up to ₹1,000 and minimal fees for higher amounts. With a daily limit of ₹5,00,000 and 24/7 availability, it’s an excellent option for personal and business transactions. Leverage the BOI Mobile OMNI Neo app or net banking for seamless, cost-effective transfers. For the latest Bank of India IMPS charges 2025, check the official BOI website or contact customer care. Embrace the convenience of IMPS for real-time, hassle-free fund transfers.