SBI to Axis Bank Fund Transfer

I have my account in SBI Bank and my client has in Axis Bank. I have to send money into his account. So tell me how I can transfer fund into Axis Bank from SBI Bank?

[Rajkumar Agarwal]

There are many options for fund transfer from SBI Bank to Axis Bank.

You can transfer through 2 easy steps:
NEFT
RTGS

Here I am telling you about both services of SBI Bank for your reference:

MINIMUM / MAXIMUM AMOUNT FOR RTGS / NEFT TRANSACTIONS UNDER RETAIL INTERNET BANKING
Type Minimum Maximum
RTGS Rs.2 Lakhs Rs.5 Lakhs
NEFT No Minimum Rs.5 Lakhs

MINIMUM / MAXIMUM AMOUNT FOR RTGS / NEFT TRANSACTIONS UNDER CORPORATE INTERNET BANKING
Type Minimum Maximum
RTGS Rs.2 Lakhs Rs.50 lakhs for Vyapaar and
Rs.500 crores for Vistaar
NEFT No Minimum Rs.50 lakhs for Vyapaar and
Rs.500 crores for Vistaar

TIME DURING THE DAY/WEEK THE RTGS & NEFT SERVICES ARE AVAILABLE

RTGS transactions are sent to RBI as per the following schedule:
Day Start Time End Time
Monday to Working Saturday 9:00 hrs 16:00 hrs

NEFT transactions will be sent to RBI based on the following schedule:
Day Start Time End Time
Monday to Working Saturday 7:00 hrs 18:30 hrs

MANDATORY INFORMATION REQUIRED TO MAKE AN RTGS & NEFT PAYMENT
Amount to be remitted.
Remitting customer's account number which is to be debited
Name of the beneficiary bank.
Name of the beneficiary.
Account number of the beneficiary.
Sender to receiver information, if any
IFSC code of the destination bank branch

SERVICE CHARGES APPLICABLE FOR RTGS/NEFT TRANSACTIONS

NEFT Transactions Existing Charges for Branch Rate for INB Channel
Amount (in Rs.) (exclusive of service tax) (exclusive of service tax)
Upto Rs.10,000/- Rs.2.50/- Rs.2/-
From 10,001/- to 1 lac Rs.5/- Rs.4/-
Above 1 lac up to 2 lac Rs.15/- Rs.12/-
Above 2 lac Rs.25/- Rs.20/-

RTGS Transactions Existing Charges for Branch Rate for INB Channel
Amount (in Rs.) (exclusive of service tax) (exclusive of service tax)
From 2 lac to 5 lac Rs.25/- Rs.20/-
Above 5 lac Rs.50/- Rs.40/-