#1
21st December 2015, 09:30 AM
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State Bank of India Money Transfer
I want to do Inter bank Money Transfer from the State Bank of India so please tell me the Money Transfer limit of it?
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#2
21st December 2015, 10:19 AM
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Re: State Bank of India Money Transfer
State Bank of India provides the facility of Inter Bank Transfer Inter Bank Transfer enables electronic transfer of funds from account of the remitter in one Bank to the account of the beneficiary in any other Bank branch. There are two systems of Inter Bank Transfer – RTGS and NEFT Both these systems are maintained by Reserve Bank of India RTGS - Real Time Gross Settlement – NEFT - National Electronic Fund Transfer – 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 andRs.500 crores for Vistaar Information Required for transfer of Funds Amount to be remitted Account no. to be debited Name of the beneficiary bank Name of the beneficiary customer Account no. of the beneficiary customer Sender to receiver information, if any IFSC code of the receiving branch State Bank of India Application for Remittance To India ![]() ![]() ![]() |