State Bank of India will revise service charges for online IMPS money transfers, introducing fees on higher-value transactions carried out through digital channels. The new pricing structure will apply to IMPS transactions initiated on or after February 15.

Revised Charge Structure

Under the revised framework, SBI will continue to allow free online IMPS transfers up to ₹25,000.00 through internet banking, mobile banking and the YONO app. Transactions exceeding this threshold will attract service charges based on the transfer amount.

Branch Transaction Charges Unchanged

Charges for IMPS transactions carried out at SBI branches will remain unchanged. Existing branch fees—ranging from ₹2.00 to ₹20.00 plus GST, based on transaction value—will continue to apply without modification.

Customer Exemptions

SBI has exempted select customer categories from the revised charges. The following account holders will not be required to pay IMPS service fees:

• Holders of certain salary and special savings accounts (DSP, PMSP, ICSP, CGSP, PSP and RSP accounts)
• Shaurya Family Pension Account holders
• SBI Rishtey Family Savings Account holders

Transaction Limits and Guidelines

The bank has retained the daily IMPS transfer limit at ₹5.00 lakh. As IMPS transactions are processed in real time and cannot be reversed, SBI has advised customers to verify beneficiary details carefully before completing a transfer.

About IMPS Service

IMPS, or Immediate Payment Service, is a real-time electronic funds transfer system that enables instant credit to the beneficiary's bank account. Customers can initiate IMPS transactions through multiple channels, including mobile and internet banking. The revision in IMPS charges follows SBI's recent update to service fees for ATM and Automated Deposit-cum-Withdrawal Machine (ADWM) transactions, particularly those conducted at other banks' ATMs.

State Bank of India shares have reached fresh record highs in January 2026, marking a significant milestone for the PSU banking giant. The stock successfully retested the breakout zone of a month-long consolidation phase, which provided the momentum needed to push prices to new peaks.

Technical Performance Analysis

The recent price action demonstrates strong technical strength across multiple timeframes. The stock's performance has been particularly impressive, showing consistent gains across various periods.

Market Position and Index Inclusion

As a constituent of the BSE Sensex index, State Bank of India holds significant weight in the broader market indices. The stock's inclusion in the benchmark index reflects its importance in the Indian banking sector and its substantial market capitalization. The PSU banking space has been witnessing renewed investor interest, with State Bank of India leading the charge among public sector lenders.

Expert Outlook and Trading Recommendations

Technical analysts suggest that the current price action presents opportunities for short-term traders. The breakout from the month-long consolidation zone has created a favorable technical setup, with experts indicating potential for further upside movement.

According to market experts, traders can consider the following approach:

• Entry Strategy: Buy at current levels or on minor dips
• Target Projection: Rally could extend towards ₹1,100 levels
• Technical Setup: Successful retest of breakout zone provides support

Consolidation Breakout Pattern

The month-long consolidation phase that preceded the current rally demonstrates the stock's ability to build a strong foundation before making significant moves. This consolidation-breakout pattern is often viewed favorably by technical analysts as it indicates accumulated buying interest and reduced selling pressure at lower levels.

The successful retest of the breakout zone in January 2026 has validated the technical pattern, providing confidence to market participants about the sustainability of the current upward trend.