How much does SBI charge for money transfer?

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How much does SBI charge for money transfer?

NEFT

Amount Rate Minimum Charge
Above Rs.50,000/- and upto Rs. 1 lakh for the amount in excess of Rs.50,000/- Rs.0.20 per Rs. 1,000/- for the amount in excess of Rs.50,000/- Rs.2/- per txn
Above Rs. 1 lakh and upto Rs. 1,29,000/- Rs.10/ plus Rs.0.50 per Rs.1,000/ for the amount in excess of Rs.1,00,000/- Rs.10/- per txn

Can I transfer 1 lakh through SBI Online?

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.

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Is there any charges for online money transfer in SBI?

For transferring money up to ₹ 10,000 via NEFT, SBI charges a fee of ₹ 2.50 per transaction, according to its website. For making an NEFT transaction up to ₹ 1.00 lakh, SBI charges a fee of ₹ 5 per transaction. For transactions above ₹ 1 lakh and ₹ 2 lakh, SBI charges ₹ 15 per transaction.

Is there any charges for Netbanking in SBI?

However, this RTGS/NEFT is free only for those customers who transfer fund through Net Banking or Mobile banking(including YONO). if you do NEFT or RTGS through SBI branch, then it is chargeable. The charges are applicable only to transactions originated and payable within India.

What is the charge of Internet banking in SBI?

Transaction limits and charges applicable

Transaction Type Per Day Limit Charges
UPI Rs.1,00,000 Nil
Transfer Within Self Accounts Rs.2,00,000 Nil
Transaction Limit for a New Beneficiary (First 4 Days) Rs.1,00,000 Nil
Third-Party Transfer within SBI Rs.10,00,000 Nil
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What is instant money transfer in SBI?

Instant money transfer refers to a service wherein the user can transfer funds from one account to another through computer-based systems, said SBI. SBI charges certain fee per transaction for these money transfer services, the bank said.

Are SBI online transaction services free?

While some of SBI online transaction services are free, a few them are chargeable. The country’s largest lender, State Bank of India (SBI), allows customers to transfer money from one bank to another, from one branch to another and from one account to another, among many other services, all via internet banking.

How to check SBI transaction limits and charges online?

Log into your online SBI account and click on ‘Enquiries’ tab. Towards the left, when you click on ‘Transaction limits/charges’, you will be directed to the same page, whereby you will be able to see different charges for different transaction types.

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Is there any levy on SBI online transfers?

All these services are only a click away. While some of them are free, a few of the transactions are chargeable. The levy depends on the amount that one transfers and also the type of transfer he/she makes on onlineSBI.com, the official website of SBI.