Imps Charges Icici Bank
Imagine you owe your friend Ravi fifty bucks for pizza, but you’re both too lazy to meet up. IMPS is the superhero that zips your rupees from your account to his in seconds, even at 3 AM on a Sunday. It’s faster than NEFT (which naps on holidays) and more reliable than a magic trick. The best part? It works 24/7/365—even on Diwali, when the bank staff are probably eating ladoos.
But here’s the catch: nothing in banking is truly free. ICICI Bank charges a small fee for this instant magic, like a cover charge at a nightclub. The exact amount depends on how much money you’re sending. For transfers under ₹1 lakh, the fee is pocket change—usually around ₹5 to ₹6 plus GST. That’s less than the cost of a chai and a samosa, but it still stings when you see it on your statement.