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?

[Kiran Chandar]

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