SBI Net Banking: A Comprehensive Guide to Transaction Limits and Charges. When banking online with SBI (State Bank of India), it's important to be aware of the various transaction limits and the charges that may apply.
This detailed guide provides insights into these aspects, breaking down the different transaction types, daily limits, and any corresponding fees.
1. IMPS (Immediate Payment Service)
- Limit Per Transaction: ₹2,00,000
- Maximum Daily Limit: ₹2,00,000
- EasyPIN Overall Category Limit: ₹1,00,000
- Individual Total Daily Limit for EasyPIN: ₹1,00,000
- Applicable Fees/Charges: None
2. Quick Transfer
- Limit Per Transaction: ₹10,000
- Per Day Limit: ₹25,000
- Overall Daily Limit: ₹2,00,000
- Maximum Limit: ₹10,00,000
- EasyPIN Overall Limit: ₹1,00,000
- Charges: No fees
3. NEFT (National Electronic Funds Transfer)
- Maximum Daily Limit: ₹10,00,000
- EasyPIN Overall Category Limit: ₹1,00,000
- Individual Total Daily Limit for EasyPIN: ₹1,00,000
- Applicable Fees/Charges:
- Up to ₹50,000: No charges
- ₹50,000 to ₹1 lakh: ₹0.20 per ₹1,000 for the excess amount
- ₹1 lakh to ₹1,29,000: ₹10 + ₹0.50 per ₹1,000 for the amount above ₹1 lakh
- ₹1,29,000 & Above: ₹25 per transaction, irrespective of the amount
4. RTGS (Real Time Gross Settlement)
- Maximum Daily Limit: ₹10,00,000
- EasyPIN Overall Category Limit: ₹1,00,000
- Charges: ₹25 for each transaction, regardless of the amount. Note: There's no Individual Total Daily Limit for EasyPIN in RTGS.
5. UPI (Unified Payments Interface)
- Per Transaction and Daily Limit: ₹1,00,000
- EasyPIN Overall and Individual Daily Limits: ₹1,00,000
- Charges: No fees
6. Transfer Between Self Accounts
- Per Transaction and Daily Limit: ₹2,00,000
- EasyPIN Overall and Individual Daily Limits: ₹1,00,000
- Charges: No fees
7. First 4-Day Transaction Limitations for New Recipients
- Per Transaction and Daily Limit: ₹1,00,000
- EasyPIN Overall and Individual Daily Limits: ₹1,00,000
- Charges: No fees
8. Transfer to Third Parties Within SBI
- Per Transaction and Daily Limit: ₹10,00,000
- EasyPIN Overall and Individual Daily Limits: ₹1,00,000
- Charges: No fees
Conclusion
Banking with SBI online offers a multitude of transaction options, each with its own set of limits and applicable charges. Whether you're transferring money via IMPS, NEFT, or any other mode, it's always wise to stay informed about these limits and charges to make the most out of your banking experience. This comprehensive breakdown serves as a quick reference, ensuring you're always up-to-date with the latest SBI net banking norms.