Exploring the SBI RTGS Charges 2022? State Bank of India is one of the largest lenders in the country that delivers exceptional banking and financial services to its customers. The extremely significant products and services offered by SBI include credit cards, savings accounts, current accounts, FD, RD, various fund transfer modes, net banking services, and more.
To make fund transfers from one bank account to another bank account, the SBI customers can access different fund transfer options. RTGS, NEFT, and IMPS are different transaction options available to customers both online and offline. SBI aims at driving its customers toward embracing the technologically advanced digital banking system. As a result, SBI hasn’t imposed any sort of SBI RTGS charges on transactions done up to Rs. 5 lakhs via net banking or mobile banking.
However, SBI levies certain charges on RTGS transactions done through the bank branches across different cities of India. RTGS is the fastest and easiest fund transfer system available to the SBI customers that enables the customers to make inter-bank fund transfer via highly secured channels across the nation. Go through the detailed guide that gives complete information about the SBI RTGS Charges for various transactions performed through bank branches. Have a look!
Table of Contents
SBI RTGS Charges 2022
RTGS is referred to as the Real Time Gross Settlement allowing the customers to make fund transfers from an SBI bank account to another bank account on a real-time basis. Wondering what is real-time in this case? Well, RTGS is considered a real-time fund transfer that enables instant fund transfer on the beneficiary account without any deferment.
All over India, SBI offers the RTGS facility to its customers in and across 140000 bank branches in India. To utilize the RTGS fund transfer provision, the customers can prefer any of the two different modes i.e., both online and offline. By visiting the bank branch of SBI [offline mode] or transferring funds through net banking [online mode], you can easily carry out the transactions from one bank account to another account.
Whenever you make RTGS fund transfer through digital channels [such as mobile banking, net banking, or the YONO app], SBI doesn’t levy any sort of RTGS charges SBI to other bank. Still, the customers will be imposed certain charges when accessing the RTGS fund transfer provision through the bank branches.
For each transaction performed via bank branch, SBI imposes RTGS charges on the customers. Despite waiving the charges on RTGS transactions done through digital channels, SBI imposes certain charges for each transaction made between one bank account to another account.
Using the RTGS fund transfer facility, the customers can transfer money from an SBI bank account to another bank account ranging between certain amounts. The minimum SBI RTGS transaction amount is Rs. 2 lakh and the maximum SBI RTGS transaction amount is Rs. 10 Lakhs. In the tabular form furnished below, we mentioned the RTGS charges SBI to other bank imposed on the customers to make money transactions through the bank branches. Check it out!
| SBI RTGS Transaction Amount | RTGS Charges | Transactions via Mobile Banking/Net Banking/YONO App |
| Amount ranging between Rs. 2 Lakhs and Rs. 5 Lakhs | Rs. 20 + GST | NIL |
| Amount more than Rs. 5 Lakhs | Rs. 40 + GST | NIL |
It takes almost 30 minutes for the amount to get credited to the beneficiary account when transferring money through the SBI RTGS fund transfer provision.
Conclusion
That’s all! This is everything you need to know about the SBI RTGS charges levied on the SBI customers to make fund transfer via online and offline modes. We assume this guide about the SBI RTGS charges 2022 has covered all sorts of RTGS charges imposed on the customers when transferring money through bank branches. If you still have any queries or doubts, ask us in the comments section. Stay in touch with our website MoneyCompass for more articles related to SBI accounts, types of fund transfer modes, etc.