Canara Bank IMPS Charges

Last Updated : July 2, 2025, 5:36 p.m.

In the dynamic landscape of digital banking, Canara Bank IMPS charges are essential for customers seeking fast, secure, and affordable fund transfers. Immediate Payment Service (IMPS) enables Canara Bank account holders to transfer money instantly, 24/7, including weekends and holidays, making it ideal for urgent transactions.

This article provides a detailed guide to Canara Bank IMPS charges 2025, transaction limits, and steps to perform IMPS transfers.

Canara Bank IMPS Fees in 2025

Canara Bank maintains a competitive and transparent fee structure for IMPS transactions, with charges varying based on the transaction amount and channel used.

• Up to ₹1,000 : ₹2.50 + GST per transaction
• ₹1,001 to ₹1,00,000 : ₹5 + GST per transaction
• ₹1,00,001 to ₹2,00,000 : ₹15 + GST per transaction
• Above ₹2,00,000 : Not applicable, as the maximum IMPS limit is ₹2,00,000 per day.

Key Points :

• Outward IMPS Transactions : The above charges apply to funds sent from a Canara Bank account.
• Inward IMPS Transactions : No charges for receiving funds.
• Mobile Banking : IMPS transactions via the Canara ai1 Mobile Banking app may be eligible for concessional rates for premium account holders, such as Canara Premium Payroll or Canara Privilege Current Account customers.
• Branch-Based IMPS : Additional service fees may apply for transactions initiated at a branch; confirm with the nearest Canara Bank branch.
• GST : Standard GST rates are applicable on all mentioned charges.

Key Features of Canara Bank IMPS

• 24/7 Availability : Transfer funds anytime, including bank holidays and weekends.
• 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.

Canara Bank IMPS Transaction Limits

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

• Maximum Daily Limit : ₹2,00,000 (via mobile banking or net banking).
• Per Transaction Limit : Up to ₹2,00,000, 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-Canara Bank accounts, subject to account settings.

To verify specific limits for your account, log in to Canara Bank net banking or the Canara ai1 Mobile Banking app, or contact customer support.

Benefits of Using Canara Bank IMPS

• Affordable Fees : Low charges, starting at ₹2.50 + GST for transactions up to ₹1,000.
• Instant Transfers : Funds are credited within minutes, ideal for urgent payments.
• Secure : OTP or MPIN 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 Canara Bank IMPS Transactions

• Protect OTPs and MPIN : Never share your OTP or MPIN with anyone, as they are 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 Canara Bank’s official website or app.

Conclusion

Canara Bank’s IMPS service offers a fast, secure, and affordable way to transfer funds instantly, with IMPS charges starting at ₹2.50 + GST for transactions up to ₹1,000 and a maximum daily limit of ₹2,00,000. Leveraging the Canara ai1 Mobile Banking app or net banking ensures seamless, cost-effective transfers. Embrace the convenience of IMPS for real-time, hassle-free fund transfers across India.