IndusInd Bank IMPS Charges

Last Updated : July 1, 2025, 4:06 p.m.

IndusInd Bank, one of India’s leading private sector banks, offers a robust Immediate Payment Service (IMPS) for instant, secure, and 24/7 interbank fund transfers. Managed by the National Payments Corporation of India (NPCI) and regulated by the Reserve Bank of India (RBI), IMPS enables real-time money transfers through mobile banking, internet banking, ATMs, or SMS.

Whether you’re paying bills, transferring funds to friends, or settling merchant payments, understanding IndusInd Bank IMPS charges, transaction limits, and benefits is crucial for seamless banking.

What is IMPS for IndusInd Bank?

IMPS (Immediate Payment Service) is a real-time electronic fund transfer system that allows instant money transfers between bank accounts across India, available 24/7, including weekends and holidays. IndusInd Bank facilitates IMPS through:

• IndusMobile App : A user-friendly mobile banking platform for quick transfers.
• IndusNet : The bank’s secure internet banking portal.
• ATMs : For users preferring offline channels.
• SMS-Based Transfers : For convenient mobile-to-mobile transfers using MMID.

With IndusInd Bank IMPS, customers can transfer funds using a beneficiary’s mobile number and Mobile Money Identifier (MMID) or account number and IFSC code, making it ideal for both personal and business transactions.

IndusInd Bank IMPS Fees in 2025

IndusInd Bank offers competitive IMPS charges to promote digital banking. Based on the latest available information, here’s the fee structure for IndusInd Bank IMPS transactions in 2025:

• Inward IMPS Transactions : Free (no charges for receiving funds).
• Outward IMPS Transactions :
  • Up to ₹1,00,000: ₹5 per transaction + GST.
  • ₹1,00,001 to ₹2,00,000: ₹15 per transaction + GST.
  • Above ₹2,00,000 (up to ₹5,00,000): Charges not explicitly listed but typically align with industry standards (₹15–₹20 + GST, subject to confirmation).
• Transactions up to ₹1,000 : May be free for certain account types or promotional offers, but standard charges apply otherwise (₹2.5–₹5 + GST).

IndusInd Bank IMPS Transaction Limits

IndusInd Bank adheres to NPCI and RBI guidelines for IMPS transaction limits, offering flexibility for users. The IndusInd Bank IMPS limits in 2025 are:

• Minimum Transaction Amount : ₹1 (ideal for small transfers).
• Maximum Transaction Amount : ₹5,00,000 per transaction, as per NPCI’s updated limit (increased from ₹2,00,000 in 2021).
• Daily Transfer Limit : Up to ₹5,00,000, though some sources indicate a cap of ₹2,00,000 for certain channels like mobile banking.
• Non-Beneficiary Transfers : Limited to ₹10,000 on the first day of beneficiary activation.
• Beneficiary Activation : New beneficiaries are approved within 30 minutes, enabling instant transfers thereafter.

For higher limits, contact IndusInd Bank’s customer care or visit a branch to request enhancements based on your account profile.

Benefits of Using IndusInd Bank IMPS

IndusInd Bank’s IMPS service offers numerous advantages, making it a preferred choice for instant transfers:

• 24/7 Availability : Transfer funds anytime, including holidays and weekends.
• Instant Crediting : Funds reach the beneficiary’s account within seconds.
• Secure Transactions : OTP or MPIN-based authentication ensures safety.
• Multiple Channels : Use IndusMobile, IndusNet, ATMs, or SMS for flexibility.
• Low Charges : Competitive fees, with free inward transfers and potential waivers for small transactions.
• High Transaction Limits : Transfer up to ₹5,00,000 per transaction, ideal for personal and business needs.
• User-Friendly : Simple process with minimal details required (e.g., MMID for mobile transfers).

Comparing IndusInd Bank IMPS Charges with Other Banks

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

• State Bank of India (SBI) : Free for online IMPS up to ₹5,00,000; ₹2–₹20 + GST for branch-based transfers.
• HDFC Bank : Free for net/mobile banking; ₹3.5–₹15 + GST for branch transactions.
• ICICI Bank : Free for digital channels; ₹2.50–₹15 + GST for branch transactions.
• Axis Bank : Free for online transfers; ₹5–₹15 + GST for branch transactions.
• Kotak Mahindra Bank : Free for mobile app transfers; ₹5 + GST for net banking.

IndusInd Bank’s charges (₹5–₹15 + GST) are competitive, especially for digital transactions, though SBI’s free online transfers set a high benchmark.

Conclusion

IndusInd Bank IMPS charges in 2025 are designed to be affordable, with no fees for inward transfers and nominal charges (₹5–₹15 + GST) for outward transactions. The service’s 24/7 availability, instant crediting, and high transaction limit of ₹5,00,000 make it perfect for urgent and everyday payments.