Punjab & Sind Bank IMPS Charges

Last Updated : July 3, 2025, 3:37 p.m.

In the fast-paced world of digital banking, Punjab & Sind Bank IMPS charges are vital for customers seeking quick, secure, and cost-effective fund transfers. Immediate Payment Service (IMPS) allows Punjab & Sind Bank (PSB) account holders to transfer money instantly, 24/7, including weekends and holidays, making it perfect for urgent transactions. This article provides a comprehensive guide to PSB IMPS charges 2025, transaction limits, and steps to perform IMPS transfers.

Punjab & Sind Bank IMPS Fees in 2025

Punjab & Sind Bank maintains a competitive and customer-friendly fee structure for IMPS transactions. As of 2025, the Punjab & Sind Bank IMPS fees are as follows, based on available information and aligned with RBI guidelines:

• Up to ₹25,000 : NIL
• ₹25,000/- to ₹50,000 : ₹5 + GST per transaction
• ₹50,000 to ₹2,00,000 : ₹10 + GST per transaction
• Above ₹2,00,000 upto ₹5,00,000: ₹15 + GST per transaction

Key Points :

• Outward IMPS Transactions : The above charges apply to funds sent from a PSB account.
• Inward IMPS Transactions : No charges for receiving funds.
• Mobile Banking : IMPS transactions via the PSB UnIC Mobile Banking app may be eligible for concessional rates for certain account types, such as PSB premium accounts.
• Branch-Based IMPS : Additional service fees may apply for transactions initiated at a branch; confirm with the nearest PSB branch.
• GST : Standard GST rates (18%) are applicable on all mentioned charges.

Key Features of Punjab & Sind 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, 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 .

Punjab & Sind Bank IMPS Transaction Limits

Punjab & Sind Bank aligns its IMPS transaction limits with NPCI and RBI guidelines to ensure security and compliance. The IMPS transfer limits for PSB 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 ₹10,000 on the first day of beneficiary activation.

To verify specific limits for your account, log in to PSB UnIC Net Banking or the PSB UnIC Mobile Banking app.

Benefits of Using Punjab & Sind Bank IMPS

• Affordable Fees : Low charges, starting at NIL for transactions up to ₹25,000.
• 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 Punjab & Sind 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 PSB’s official website or PSB UnIC Mobile Banking app.

Conclusion

Punjab & Sind Bank’s IMPS service offers a fast, secure, and affordable way to transfer funds instantly, with IMPS charges starting at ₹5 + GST for transactions up to ₹50,000 and a maximum daily limit of ₹2,00,000. Leveraging the PSB UnIC Mobile Banking app or PSB UnIC Net Banking ensures seamless, cost-effective transfers. Embrace the convenience of IMPS for real-time, hassle-free fund transfers across India.