Customers of State Bank of India (SBI) have the option to use the NEFT facility to transfer money. The Reserve Bank of India also oversees and manages this NEFT program. This payment is processed by the bank throughout the day in half-hourly chunks. You must pay SBI NEFT fees in order to proceed with the fund transfer via NEFT. NEFT is available to both SBI account holders and non-account holders. Available 24x7, including bank holidays, through internet banking or mobile banking. The SBI NEFT transfer charges are mentioned below.
What are the SBI NEFT Charges?
I’d completely agree with Debjani’s answer. Just to reiterate, let me say that there are no charges for NEFT transfers conducted via online platforms such as SBI's YONO app, mobile banking, or internet banking. For NEFT done at an SBI branch, charges are applicable as per the transaction amount:
Up to Rs. 10,000: Rs. 2 + GST.
Rs. 10,001 to Rs. 1 lakh: Rs. 4 + GST.
Rs. 1,00,001 to Rs. 2 lakh: Rs. 12 + GST.
Above Rs. 2 lakh: Rs. 20 + GST.
No charges for government-related transactions or fund transfers under certain schemes (e.g., Pradhan Mantri initiatives).
Online fund transfers are more economical, convenient, and free of charge compared to branch services. This is all about the NEFT
charges of SBI bank.
Enjoy Quick Approval of Personal Loan at Low Interest Rate through NB InstaCashRead more:
What are the NEFT Transfer Charges and Who Can Do it?
Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
I always get confused about the RTGS and NEFT process. Both do the same work but the only difference is their time. NEFT stands for National Electronic Funds Transfer and RTGS for Real-time Gross Settlement. Recently I tried to know more about their charges and which one is preferred and got to know that in urgency, RTGS can be used as the transaction gets done in real time, that is instantly so people do not have to wait. In case of NEFT the transaction is promised to be done within 24 hours. However the SBI NEFT RTGS charges from 2022 is something new to me. You must be knowing that the fee gets deducted from our account for using these modes. Let me tell you how much it is.
Avail NoBroker Home Loans at a low interest rate and get a house of your own anytime.
Paying bills have become more easy with NoBroker Utility Bill Payment Service
What are the NEFT charges of SBI bank?
NEFT CHARGES| AMOUNT | CHARGES |
Rs 0 - Rs 10,000 |
Rs 2 + GST |
Rs 10,000 above - Rs 1 lakh |
Rs 4+GST |
Rs 1 Lakh above - Rs 2 lakh |
Rs 12 + GST |
Rs 2 lakh above - Rs 20 lakh |
Rs 20+ GST |
This is also the NEFT charges SBI to SBI.
RTGS CHARGES| AMOUNT | CHARGES |
Rs 2 Lacs - Rs 5 Lacs |
Rs 20 + GST |
Above Rs 5 lakh |
Rs 40 +GST |
I have an account and have done NEFT quite a number of times. This is the latest list of SBI NEFT charges 2022.
Is NEFT free if done online?I usually do NEFT online but the last time I did it offline. That is when I got to know that NEFT is done online, it is going to be free of cost. If you want to know what are the NEFT charges of SBI bank online, do know it is free. Only the offline mode is going to charge you a minimum fee.
I hope the SBI NEFT RTGS charges are clear to you now.
Read More:
What is the minimum amount of RTGS?
How much time RTGS take to transfer money?
Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
Authors Of The Question
What Are The NEFT Charges Of SBI Bank?
Namrata
410 Views
2 Answers
2 Year
2022-08-04T09:36:19+00:00 2022-08-04T09:36:20+00:00Comment
Share