Need To Make A Fund Transfer From Your SBI Account? Here Are Your Options

SBI or State Bank of India - the country's largest bank - is a member of multiple payments systems. From National Electronic Funds Transfer (NEFT) to Immediate Payment Service (IMPS) and Real-Time Gross Settlement (RTGS), SBI customers can remit funds using one of these payments systems. NEFT operates on a deferred net settlement basis, meaning the transactions are settled in batches as opposed to the continuous, individual settlement in RTGS, according to SBI's corporate website, sbi.co.in. In RTGS, the processing of funds transfer instructions takes place at the time they are received (real time)..Here's a comparison of the timings and charges applicable to SBI fund transfer services (SBI online banking) through payments systems such as National Electronic Funds Transfer (NEFT) and Immediate Payment Service (IMPS):.Timings.NEFT timings.SBI has listed the following timings for the settlement of NEFT transactions (in batches):.* Settlements on weekdays at hourly intervals from 8:00 am to 7:00 pm.* Settlements on Saturdays at hourly intervals from 8:00 am to 1:00 pm.table.rbi_tab { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; } table.rbi_tab th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; text-align: center; } table.rbi_tab td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; text-align: center; } table.rbi_tab th:last-child, table.rbi_tab td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.rbi_tab { display: table; min-width: 280px; max-width: 100%; font-size: 14px; } table.rbi_tab th, table.rbi_tab td, table.rbi_tab th:nth-child(n+1), table.rbi_tab td:nth-child(n+1) { display: table-cell; line-height: normal; } } . RBI settlement timings Day Start time End time Monday to Friday 08:00 hrs 19:00 hrs Saturday 08:00 hrs 01:00 hrs (Source: sbi.co.in) .IMPS timings.IMPS inward and outward transactions are available 24X7, without any holiday restrictions, according to SBI's internet banking portal, onlinesbi.com..RTGS timings.SBI has listed the following schedule for sending RTGS transactions to the RBI:.table.rtgs_tab { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; } table.rtgs_tab th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; text-align: center; } table.rtgs_tab td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; text-align: center; } table.rtgs_tab th:last-child, table.rtgs_tab td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.rtgs_tab { display: table; min-width: 280px; max-width: 100%; font-size: 14px; } table.rtgs_tab th, table.rtgs_tab td, table.rtgs_tab th:nth-child(n+1), table.rtgs_tab td:nth-child(n+1) { display: table-cell; line-height: normal; } } . RBI settlement timings for transactions (other than interbank transactions) Day Start time End time Monday to Friday 08:00 hrs 16:30 hrs Saturday 08:00 hrs 02:00 hrs (Source: sbi.co.in) .(Also read: All you need to know about SBI basic account | small account | savings plus account).Charges.NEFT charges.For transactions at branches:.table.sbineft_tab { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; } table.sbineft_tab th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; text-align: center; } table.sbineft_tab td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; text-align: center; } table.sbineft_tab th:last-child, table.sbineft_tab td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.sbineft_tab { display: table; min-width: 280px; max-width: 100%; font-size: 14px; } table.sbineft_tab th, table.sbineft_tab td, table.sbineft_tab th:nth-child(n+1), table.sbineft_tab td:nth-child(n+1) { display: table-cell; line-height: normal; } } . Transaction amount Charges (excluding taxes) Up to Rs 10,000 Rs 2.50 Above Rs 10,000 up to Rs 1.00 lakh Rs 5 Above Rs 1.00 lakh up to Rs 2.00 lakh Rs 15 Above Rs 2.00 lakh Rs 25 (Source: sbi.co.in) .For transactions through net banking/mobile banking:.table.sbinef_tab { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; } table.sbinef_tab th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; text-align: center; } table.sbinef_tab td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; text-align: center; } table.sbinef_tab th:last-child, table.sbinef_tab td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.sbinef_tab { display: table; min-width: 280px; max-width: 100%; font-size: 14px; } table.sbinef_tab th, table.sbinef_tab td, table.sbinef_tab th:nth-child(n+1), table.sbinef_tab td:nth-child(n+1) { display: table-cell; line-height: normal; } } . Transaction amount Charges (excluding taxes) Up to Rs 10,000 Rs 1 Above Rs 10,000 up to Rs 1.00 lakh Rs 2 Above Rs 1.00 lakh up to Rs 2.00 lakh Rs 3 Above Rs 2.00 lakh Rs 5 (Source: sbi.co.in) .RTGS charges.For transactions at branches:.table.sbi23 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; } table.sbi23 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; text-align: center; } table.sbi23 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; text-align: center; } table.sbi23 th:nth-child(1), table.sbi23 td:nth-child(1) { width: 80%; text-align: left; } table.sbi23 th:last-child, table.sbi23 td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.sbi23 { display: table; min-width: 280px; max-width: 100%; } table.sbi23 th, table.sbi23 td, table.sbi23 th:nth-child(n+1), table.sbi23 td:nth-child(n+1) { display: table-cell; line-height: normal; }} . Transaction amount Charges (excluding taxes) Up to Rs 1,000 Nil From Rs 1,001 to Rs 1,00,000 Rs 5 From Rs 1,00,001 to Rs 2,00,000 Rs 15 (Source: sbi.co.in) .For transactions through net banking/mobile banking:.table.sbi24 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; } table.sbi24 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; text-align: center; } table.sbi24 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; text-align: center; } table.sbi24 th:nth-child(1), table.sbi24 td:nth-child(1) { width: 80%; text-align: left; } table.sbi24 th:last-child, table.sbi24 td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.sbi24 { display: table; min-width: 280px; max-width: 100%; } table.sbi24 th, table.sbi24 td, table.sbi24 th:nth-child(n+1), table.sbi24 td:nth-child(n+1) { display: table-cell; line-height: normal; }} . Transaction amount Charges (excluding taxes) Rs 2.00 lakh to Rs 5.00 lakh Rs 5 Above Rs 5.00 lakh Rs 10 (Source: sbi.co.in) .IMPS charges.For transactions at branches:.table.sbi { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; } table.sbi th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; text-align: center; } table.sbi td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; text-align: center; } table.sbi th:nth-child(1), table.sbi td:nth-child(1) { width: 80%; text-align: left; } table.sbi th:last-child, table.sbi td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.sbi { display: table; min-width: 280px; max-width: 100%; } table.sbi th, table.sbi td, table.sbi th:nth-child(n+1), table.sbi td:nth-child(n+1) { display: table-cell; line-height: normal; }} . Transaction amount Charges (excluding taxes) Up to Rs 1,000 Free From Rs 1,001 to Rs 10,000 Rs 1 From Rs 10,001 to Rs 1,00,000 Rs 2 From Rs 1,00,001 to Rs 2,00,000 Rs 3 (Source: sbi.co.in) .For transactions through net banking/mobile banking:.table.sbi2 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; } table.sbi2 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; text-align: center; } table.sbi2 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; text-align: center; } table.sbi2 th:nth-child(1), table.sbi2 td:nth-child(1) { width: 80%; text-align: left; } table.sbi2 th:last-child, table.sbi2 td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.sbi2 { display: table; min-width: 280px; max-width: 100%; } table.sbi2 th, table.sbi2 td, table.sbi2 th:nth-child(n+1), table.sbi2 td:nth-child(n+1) { display: table-cell; line-height: normal; }} . Transaction amount Charges (excluding taxes) Up to Rs 1,000 Nil From Rs 1,001 to Rs 1,00,000 Rs 5 From Rs 1,00,001 to Rs 2,00,000 Rs 15 (Source: sbi.co.in) .(Also read: ATM charges levied by State Bank of India, other major lenders)

Need To Make A Fund Transfer From Your SBI Account? Here Are Your Options

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