Kotak Mahindra Bank IMPS Charges

Last Updated : July 7, 2025, 2:47 p.m.

In the rapidly advancing world of digital banking, Kotak Mahindra Bank IMPS charges are a crucial consideration for customers seeking fast, secure, and cost-effective fund transfers. Immediate Payment Service (IMPS) enables Kotak Mahindra Bank account holders to transfer money instantly, 24/7, including weekends and holidays, making it ideal for urgent transactions. This article provides a comprehensive guide to Kotak Mahindra Bank IMPS charges 2025, transaction limits, and steps to perform IMPS transfers.

Kotak Mahindra Bank IMPS Fee in 2025

Kotak Mahindra Bank offers a highly competitive fee structure for IMPS transactions, with no charges for most digital transactions. As of 2025, the Kotak Mahindra Bank IMPS fees are as follows, based on available information:

• All IMPS Transactions : No charges apply for transactions conducted through mobile banking, net banking, or ATMs.

Key Points :

• Outward IMPS Transactions : No charges for mobile banking transfers; net banking charges apply as listed above.
• Inward IMPS Transactions : No charges for receiving funds.
• Account Types : Free IMPS transactions via mobile banking apply to all resident savings and current account holders registered for the Kotak Mobile Banking app, including accounts like Kotak 811, Classic Savings, and Edge Savings.
• ATM-Based IMPS : Charges may apply for ATM-initiated transactions; confirm with Kotak Mahindra Bank customer care or at the ATM.
• GST : Standard GST rates (18%) are applicable on net banking charges where specified.

Key Features of Kotak Mahindra Bank IMPS

• 24/7 Availability : Transfer funds anytime, including bank holidays and weekends.
• Instant Transfers : Funds are credited to the beneficiary’s account instantly.
• Secure Transactions : Uses OTP-based authentication, MPIN, and 128-bit SSL encryption for safety.
• Flexible Options : Transfer using Mobile Money Identifier (MMID) and mobile number (P2P) or IFSC code and account number (P2A).

Kotak Mahindra Bank IMPS Transaction Limits

Kotak Mahindra Bank aligns its IMPS transaction limits with NPCI and RBI guidelines to ensure security and compliance. The IMPS transfer limits for Kotak Mahindra 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 (P2P) : Limited to ₹10,000 per day for added security.
• New Beneficiary Transfers : Maximum ₹25,000 within the first 24 hours of beneficiary addition.

To verify specific limits for your account, log in to Kotak Net Banking or the Kotak Mobile Banking app, or contact customer support at 1860 266 2666.

How to Perform an IMPS Transfer with Kotak Mahindra Bank?

Kotak Mahindra Bank provides multiple platforms for IMPS transfers, including the Kotak Mobile Banking app, Kotak Net Banking, and select ATMs. Below is a step-by-step guide to performing an IMPS transfer:

Using Kotak Mobile Banking App

1. Log In : Download and log in to the Kotak Mobile Banking app using your Customer Relationship Number (CRN) and MPIN.
2. Select IMPS : Navigate to “Banking” and select “IMPS Fund Transfer.”
3. Choose Transfer Type :
   • For MMID-based transfers (P2P): Enter the beneficiary’s mobile number and 7-digit MMID.
   • For account-based transfers (P2A): Provide the beneficiary’s account number and IFSC code.
4. Add Beneficiary : If transferring for the first time, add the beneficiary and confirm details. A cooling period (typically 30 minutes) may apply.
5. Enter Amount : Input the transfer amount (up to ₹2,00,000 per day).
6. Authenticate : Enter the OTP sent to your registered mobile number or use your MPIN.
7. Submit : Verify details and click “Confirm.” You’ll receive a confirmation SMS with an IMPS tracking number.

Using Kotak Net Banking

1. Log In : Access the Kotak Net Banking portal using your CRN and password.
2. Select IMPS : Go to “Transfer and Payments” and select “IMPS.”
3. Add Beneficiary : Enter the beneficiary’s account number and IFSC code or MMID and mobile number, then confirm.
4. Enter Amount : Input the transfer amount and authenticate using OTP.
5. Submit : Verify details and click “Confirm.” A confirmation SMS with the IMPS tracking number will be sent.

Benefits of Using Kotak Mahindra Bank IMPS

• No Charges via Mobile Banking : Free IMPS transactions through the Kotak Mobile Banking app.
• Instant Transfers : Funds are credited instantly, ideal for urgent payments.
• Secure : OTP, MPIN, and SSL encryption ensure safe transactions.
• Convenient : Accessible via mobile app, net banking, or ATMs.
• 24/7 Availability : Transfer funds anytime, even on holidays.
• Versatile Uses : Pay utility bills, credit card bills, or make online purchases to merchants.

Security Tips for Kotak Mahindra 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 Kotak Mahindra Bank’s official website or Kotak Mobile Banking app.
• Report Phishing : Immediately report suspicious emails, SMS, or calls to Kotak’s customer care.

Conclusion

Kotak Mahindra Bank’s IMPS service offers a fast, secure, and cost-free way to transfer funds instantly via mobile banking, with no IMPS charges for transactions through the Kotak Mobile Banking app and minimal charges for net banking. With a maximum daily limit of ₹2,00,000, leveraging the Kotak Mobile Banking app or Kotak Net Banking ensures seamless, hassle-free transfers.. Embrace the convenience of IMPS for real-time, cost-effective fund transfers across India.