SBI Slaps New ATM, IMPS Charges From February 2026

BANKINGFINANCE
Whalesbook Logo
AuthorIshaan Verma|Published at:
SBI Slaps New ATM, IMPS Charges From February 2026
Overview

State Bank of India is increasing ATM and IMPS transaction fees starting February 15, 2026. While small IMPS transfers remain free, larger amounts will face new tiered charges. SBI also updated ATM withdrawal and non-financial transaction fees for savings accounts and salary accounts. Customers are advised to use SBI ATMs to avoid penalties.

State Bank of India (SBI) is set to implement significant changes to its customer transaction fee structure, impacting both ATM usage and Instant Money Transfer (IMPS) services. These adjustments are scheduled to take effect on February 15, 2026, for IMPS and earlier, on December 1, 2025, for ATM and ADWM transactions.

IMPS Fee Hikes Unveiled

IMPS transfers up to ₹25,000 made through digital channels like internet banking, mobile banking, and the YONO app will continue to be free. However, larger transfers will now incur new charges. For amounts between ₹25,000 and ₹1 lakh, a fee of ₹2 plus GST will apply. Transfers ranging from ₹1 lakh to ₹2 lakh will cost ₹6 plus GST, while those between ₹2 lakh and ₹5 lakh will be charged ₹10 plus GST. The daily IMPS transfer limit remains unchanged at ₹5 lakh.

Relief is offered for customers making IMPS transfers from SBI branches, as branch IMPS charges will remain unchanged, continuing at previous rates of ₹2 to ₹20 plus GST. Certain salary packages and special savings accounts, including DSP, PMSP, ICSP, CGSP, PSP, RSP accounts, Shaurya Family Pension Account, and SBI Rishtey Family Savings Account, are exempt from these new IMPS charges.

ATM Transaction Rules Shift

SBI has already revised its ATM and ADWM charges, marking the second such update in 2025. Savings account holders will face new costs after exhausting their free transaction limit at other banks' ATMs. Cash withdrawals will cost ₹23 plus GST, and non-financial transactions will incur ₹11 plus GST. Salary account holders, previously enjoying unlimited free ATM transactions, will now be limited to 10 free transactions per month.

Customer Exemptions and Advice

Exemptions are in place for KCC accounts, which will continue to offer unlimited free transactions at other banks' ATMs. BSBD accounts will see no changes. Notably, cardless cash withdrawals remain free at both SBI and other banks' ATMs. SBI advises customers to maximize the use of its over 63,000 ATMs and ADWMs to avoid incurring additional charges. Customers are also reminded to double-check beneficiary details before initiating any IMPS transfer, as transactions are irreversible.

Disclaimer:This content is for educational and informational purposes only and does not constitute investment, financial, or trading advice, nor a recommendation to buy or sell any securities. Readers should consult a SEBI-registered advisor before making investment decisions, as markets involve risk and past performance does not guarantee future results. The publisher and authors accept no liability for any losses. Some content may be AI-generated and may contain errors; accuracy and completeness are not guaranteed. Views expressed do not reflect the publication’s editorial stance.