Money Transfer to State Bank of Hyderabad

Can you tell me the process for Money Transfer to State Bank of Hyderabad from some other Bank in India only as I have no idea about it?

[pawan]

Inter Bank Transfer is a special service that allows transferring funds electronically to accounts in other Banks in India through:

• NEFT –
NEFT stands for National Electronic Funds Transfer.
Funds are transferred to the credit account with the other participating Bank using RBI's NEFT service.
RBI acts as the service provider and transfers the credit to the other bank's account.

• RTGS –
RTGS stands for Real Time Gross Settlement.
The RTGS system facilitates transfer of funds from accounts in one bank to another on a “real time” and on “gross settlement” basis.
The RTGS system is the fastest possible inter bank money transfer facility available through secure banking channels in India.

Minimum / maximum amount for RTGS /NEFT transactions under Retail Internet Banking

Type Minimum Maximum
RTGS Rs. 2 Lakhs Rs. 5 Lakhs
NEFT - Rs. 5 Lakhs

Minimum / maximum amount for RTGS /NEFT transactions under Corporate Internet Banking

Type Minimum Maximum
RTGS Rs. 2 Lakhs No Limit
NEFT - No Limit

State Bank Group

State Bank Group Transfer is a special service that allows transferring funds among all branches of State Bank Group.

Minimum/maximum amount for State Bank Group Transfer transactions

Type Minimum Maximum
GRPT - Rs. 5 Lakhs

Mandatory information required making a State Bank Group Transfer Payment

The Remitter has to provide the following details:
• Amount to be remitted
• Account number which is to be debited
• Name of the beneficiary bank
• Name of the beneficiary
• Account number of the beneficiary
• Address of the beneficiary
• Remarks or description, if any
• The IFSC code of the beneficiary branch

Charges for State Bank Group Transfer transactions are as listed in the following table:

Amount Service Charge
Upto Rs.1 lakh Nil
Above Rs.1 lakh to upto Rs.5 lakhs Rs.28/- per transaction
Above Rs. 5 lakhs Rs.56/- per transaction