SBI's Instant Money Transfer (IMT) Feature: Receiver Can Withdraw Money Even Without Using Debit Card

Customers creating IMTs using ATMs will be required to provide the name and address of the beneficiary via SMS. SMS should be sent to 567676. (Also read: SBI's Education Loan: Rate Of Interest, Security, Repayment And Other Details) There is a minimum transaction limit of Rs 100. A maximum of Rs 10,000 per transaction subject to the monthly cap of Rs. 25,000 per month per beneficiary is applied automatically by the system. The max...