India’s largest lender, State Bank of India (SBI), has announced updates to its customer transaction charges, affecting both IMPS transfers and ATM usage. While small digital transfers remain free, larger transactions and interbank ATM usage may now come with additional costs, effective February 15, 2026, for IMPS and December 1, 2025 for ATMs. SBI clarified that IMPS transfers up to Rs 25,000 via internet banking, mobile banking, or the YONO app will continue to be free. However, higher-value transfers will now incur fees:Rs 25,000 to Rs 1 lakh: Rs 2 + GSTRs 1 lakh to Rs 2 lakh: Rs 6 + GSTRs 2 lakh to Rs 5 lakh: Rs 10 + GSTThe bank emphasised that while IMPS remains free for smaller amounts, customers making larger transfers should be aware of the new charges. Branch Transfers And Account ExemptionsGood news for branch-based transactions: IMPS charges at SBI branches remain unchanged, ranging from ₹2 to ₹20 + GST.