ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Foreign portfolio investors' exodus continues for 9th month; withdraw Rs 50,203 cr from equity market in June - know reasons
  • Windfall tax to recoup most of Rs 1 lakh cr revenue lost in excise cuts, industry sources say
  • D-Mart Q1 revenue jumps almost 2-fold to Rs 9,806.89 cr
  • This Android malware switches off Wi-Fi and drain mobile wallet
  • North Korea says US, South Korea-Japan agreement materialises US plan for 'Asian NATO'
Read in App
Business News » Personal Finance News

SBI Online: Want to transfer money from State Bank of India? Here are your options

SBI provides with all the available methods of fund transfer for their customers.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
SBI Online: Want to transfer money from State Bank of India? Here are your options
State Bank of India provides its customers with several options to transfer their funds from one party to the other. This can be done through its official website - onlinesbi.com or app. Photo: Reuters

In the modern world, transferring funds has become a simple process. The largest lender of the country, the State Bank of India provides its customers with several options to transfer their funds from one party to the other. This can be done through its official website - onlinesbi.com or app. Among the financial services to remit funds is IMPS or Instant Money Transfer Service, by which one can make inter-bank transactions through the medium of mobile banking or internet banking. Meanwhile, the National Electronic Funds Transfer or NEFT is a method of transferring of funds between two parties that does not happen in real time while the RTGS or Real-time gross settlement is a funds transfer system wherein one can transfer money on a real time and on a gross basis. 

So to say, SBI provides with all the available methods of fund transfer for their customers from which the user can use whichever seems suitable. 

State Bank of India - IMPS Charges 

State Bank of India consumers using the IMPS via the SBI internet banking are levied charges by their bank. Transactions up to Rs 1000 do not have any charges levied on them. Above that amount till Rs 25,000, Rs 2+GST is levied. For transactions up to Rs 1,00,000, Rs 5+GST is deducted from as service fee. Rs 10+GST is charged on transactions up to Rs 2,00,000 by the SBI.

State Bank of India - NEFT Charges 

Consumers using NEFT with State Bank of India for making payments are charged Rs 2.50+GST for transactions up to Rs 10,000. Transaction of Rs 1 lakh with SBI NEFT will be levied Rs 5+GST while transaction on amounts above 1 lakh and below Rs 2 lakh is charged Rs 15+GST. When the transaction amount exceeds Rs 2 lakhs, the user is charged Rs 25+GST. 

State Bank of India - RTGS Charges 

RTGS with State Bank of India for making payments will cost the customer Rs 25+GST for transactions between Rs 2 lakhs to Rs 5 lakhs and Rs 51+GST for transactions above Rs 5 lakhs. The transaction charges are for transactions between 9 am to 12 noon.

Meanwhile, RTGS transactions between 12 noon to 3:30 pm cost the customer Rs 26+GST for transaction amount between Rs 2 lakhs to Rs 5 lakhs. It will cost the customer Rs 52+GST for transaction amount above Rs 5 lakhs.

Post 3:30 pm to 4:30 pm, RTGS transaction amount between Rs 2 lakhs to Rs 5 lakhs will cost the customer Rs 31+GST. Above 5 lakhs, the customer is charged Rs 56+GST

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
State Bank of IndiaSBI
Written By: ZeeBiz WebTeam
Updated: Fri, Jun 07, 2019
09:56 am
New Delhi, ZeeBiz WebDesk
RELATED NEWS
Fed can borrow RBI template to control rampaging US inflation: SBI Report Fed can borrow RBI template to control rampaging US inflation: SBI Report
7th Central Pay Commission Latest News: Online application window for SBI's specialist cadre officers ends on 12 June; details here 7th Central Pay Commission Latest News: Online application window for SBI's specialist cadre officers ends on 12 June; details here
New SBI MD: Alok Kumar Choudhary takes charge as Managing Director of State Bank of India New SBI MD: Alok Kumar Choudhary takes charge as Managing Director of State Bank of India
Sector Spotlight: PSU banks poised for upside; stocks to buy are SBI, Bank of Baroda, Canara Bank, says this analyst Sector Spotlight: PSU banks poised for upside; stocks to buy are SBI, Bank of Baroda, Canara Bank, says this analyst
SBI Q4 Results 2022: State-run lender posts highest ever PAT of Rs 9114 cr, up 41% YoY; NII jumps nearly 15.26% SBI Q4 Results 2022: State-run lender posts highest ever PAT of Rs 9114 cr, up 41% YoY; NII jumps nearly 15.26%

LATEST NEWS

Three of top 10 BSE-listed companies lose Rs 73,630 cr in market capitalisation; HUL, ICICI Bank among biggest drag

Windfall tax to recoup most of Rs 1 lakh cr revenue lost in excise cuts, industry sources say

Electricity distribution companies' outstanding dues to power producers rise 4% to Rs 1.32 lakh cr in June - know details here

D-Mart Q1 revenue jumps almost 2-fold to Rs 9,806.89 cr

Maruti Suzuki looks to deploy strong hybrid tech across model range

Foreign portfolio investors' exodus continues for 9th month; withdraw Rs 50,203 cr from equity market in June - know reasons here

Q1FY23 Preview: Pharmaceutical firms likely to deliver subdued performance in domestic market, says Nirmal Bang -

Commerce Minister looking to release new foreign trade policy before September, says official

Tracxn in wait-and-watch mode over timing of proposed public offer amid choppy market

This Android malware switches off Wi-Fi and drain mobile wallet

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV