Why does IMPS India show different transfer charges than my bank statement?

IMPS transfer charges can look different because banks often add taxes (like GST) separately or post them as a second line item, so the final amount on your statement may be higher than the base IMPS fee you saw during the transfer.

Some banks also bundle IMPS fees under generic labels like “service charges,” which makes them harder to recognize.

Another common reason is tiered or conditional pricing, where the fee depends on transfer amount, time, or account type, and the app may only show an estimate.

To confirm the exact reason, check your bank’s IMPS tariff page or ask customer support to break down the charge shown on your statement.

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