India’s largest Public sector bank State Bank of India SBI has certain charges when you are Transferring money through any one NEFT, RTGS, IMPS, UPI Payment Transfer Modes and also see below for the Transaction Transfer Limit for transferring money from State Bank of India and Timings for transferring amount.
SBI Transfer Charges
See below how State Bank of India charges for transferring money based on the mode of money transfer.
State Bank of India Transfer Charges
SBI NEFT Charges
State Bank of India doesn’t charge money for any NEFT transactions done online through SBI Net Banking/Mobile banking which also includes YONO it is completely free.
The Maximum amount you can transfer using SBI NEFT mode is Rs 10 Lakhs.
NEFT can be transfed 24*7, 365 days and the settlement is done as per RBI batches.
If you visit any State Bank of India branch and transfer using NEFT than Transaction charges will be applied.
SBI RTGS Charges
Using RTGS you can only make High-value transactions which is Amount must be greater than Rs 2 Lakhs and maximum limit for RTGS on State Bank of India is Rs 10 Lakhs
SBI RTGS Real Time Gross Settlement transactions which are done online are free.
RTGS timings is 12.20 AM to 11.30 PM 365 days.
SBI IMPS Charges
Using IMPS mode you can transfer funds instantly. See below for State Bank of India IMPS Charges for transferring money. Maximum limit per transaction is Rs 5 lakhs.
SBI does not charge any service charge of IMPS transfers under Rs 2 Lakhs.
If IMPS transfer is above Rs 2,00,000 to Rs 5,00,000 then Charges are Rs 20 Plus GST.
SBI UPI Charges
Using SBI UPI you can instantly transfer funds all you need is a recipient UPI Id and State Bank of India UPI Maximum Limit is Rs 1 Lakh and with a limit of 10 transactions.
SBI Daily transaction limit is Rs 1,00,000
For new UPI Users, only Rs 5,000 can be trans by UPI for first 24 hours, this also applies to customers whose device/sim card/ mobile number has been changed.
Note: These SBI charges are applicable only to transactions originated and payable within India.