Question: why axis bank charges for imps?
Answer: ICICI charges Rs 5 + GST for IMPS transaction amount up to Rs 1 lakh. For amount above Rs 1 lakh up to Rs 2 lakh, the bank charges Rs 15 + GST, as mentioned on the ICICI Bank's website. Axis bank charges Rs 2.50 + GST for IMPS transactions up to Rs 1,000, and Rs 5 + GST for transactions between Rs 1,000 and Rs 1 lakh.