SBI RTGS & NEFT: Timings, Limit And Charges

State Bank of India (स्टेट बैंक ऑफ इंडिया) is a Public Sector Bank and with recent merger and acquisition, the bank is the largest in the country. The bank provides services under the wide umbrella and the bank is highly reliable in terms of customer service and products. The bank has a huge network in a country which enables all the customers to transact via SBI.

RTGS and NEFT have made it really easy to transfer the money to anyone across the country. Here are all the details pertaining to the SBI RTGS and NEFT.

Timings of RTGS and NEFT

Talking about the timings, the transactions the RTGS transactions are processed between 9:00 AM to 4:00 PM on all the bank working days. For NEFT, the timings are 8:00 AM to 6:30 PM. Any transaction made after this time is processed on the next working day.

Services	Timings	Minimum Limit	Maximum Limit	Charges
NEFT	8.00 AM – 6:30 PM	No Limit	5 Lacs for Retail user, Rs.50 Lacs for Vyapaar, Rs.500 Crores for Vistaar	Rs 1 upto 10000, Rs 2 for Rs 10000 to Rs 1 Lac, Rs 3 for 1-2 Lacs, Rs 5 for above 2 Lacs + GST
RTGS	9.00 AM – 4:00 PM	2 Lacs	5 Lacs for Retail user, Rs.50 Lacs for Vyapaar, Rs.500 Crores for Vistaar	Rs. 5 For 2-5 Lacs & Rs 10 for Above 5 Lacs + GST

Minimum and Maximum Limit

To begin with, for NEFT there is no minimum amount that can be transferred, however, for RTGS, the minimum amount that can be transferred is Rs 2, 00,000.

In addition to this, both RTGS and NEFT has a maximum limit of Rs 5, 00,000 for the retail customers.

In case of corporate customers, the limit is increased to Rs 50, 00,000 for all the Vyapar account holders and the limit is Rs 500, 00, 00,000 for Vistaar Customers.

Charges for NEFT and RTGS

For RTGS transactions, the charges are Rs 5 for the amount below Rs 5 lakhs and the charges are Rs 10 for anything above Rs 5 Lakh. Talking about NET, the charges are Rs 1 for the amount up to Rs 10,000 and for the amount between Rs 10,000 to Rs 1 Lakh, the charges are Rs 2.

Similarly, the bank charges Rs 3 for any amount below Rs 2 Lakh and for anything above Rs 2 Lakh, the charges are Rs 5. It should be noted that GST is an addition in all the cases.