How To Transfer Money From SBI To Any Bank || SBI NEFT through Internet Banking || SBI Net Banking

How To Transfer Money From SBI To Any Bank || SBI NEFT through Internet Banking || SBI Net Banking
State Bank Internet Banking: retail.onlines...
You can transfer money from SBI to any bank using SBI Net banking. You can also send money within SBI or banks.
You need login credentials of net banking or SBI Yono App. You can get this through SBI website or visit nearest State Bank of India Branch.
To transfer money you need to login in SBI officialwebsite (www.onlinesbi.... ). Make sure that website has secured SSL icon. Enter your login credentials. You need to follow the steps given below.
Step 1: Adding Beneficiary
Step 2: Approval of Beneficiary
Step 3: Sending money to the Beneficiary
Step 1 and Step 2 is a one time process for one user. You can send money to the user more than once.
To add beneficiary you can use receivers IFSC Code or the location of the branch.
There are two types of beneficiary:
1. Beneficiary within SBI: It can be the account holder of State Bank of India or ots subsidiary bank like State Bank of Patiala, State Bank of Jaipur, State Bank of Hyderabad, State Bank of Mysore, etc.
2. Beneficiary outside SBI: It can be any other bank other than SBI. It can also be a private bank which supports NEFT, RTGS, IMPS, Net banking options.
To add beneficiary you nees details like receiver's account number, branch IFSC Code, address, name, purpose of payment, etc.
After beneficiary is added, it takes time to approve the beneficiary by the bank. If it is added between 6am to 8pm, the beneficiary is approved within few hours. If the beneficiary is added after 8pm, it will get approval status only on the next day.
You also need to set the limit of transferring money to your beneficiary. Maximum limit is ₹10,00,000
For IMPS,
₹0 charge for transferring ₹0-1000.
₹1 + GST for transferring ₹1000- ₹10000
₹2 + GST for transferring ₹10000- ₹100000
₹3 + GST for transferring ₹100000- ₹200000
You can send ₹0 to ₹10 lakhs using IMPS.
You can send ₹2 Lakhs to ₹10 lakhs using RTGS.
After beneficiary is approved you can select any method and amount to send the money to your beneficiary. For IMPS it usually takes 15 minutes to transfer money.