State Bank of India (SBI) is the most popular public sector bank in India providing various services online and offline. In case if you are planning to visit the bank for fund transfer make sure you know SBI Working hours and lunchtime. In this article, we will learn How to fill SBI RTGS or NEFT Form, how to download the form in PDF format, its charges, etc.
Before moving the process of filling the form you must know the basics about RTGS and NEFT.
What is RTGS and NEFT?
RTGS stands for ” Real-time Gross Settlement”.
In simple terms, you can say a settlement happens as soon as it is received. when you send money using RTGS the amount is credited or settled to the beneficiary account immediately without any delay.
The minimum amount you can transfer through SBI RTGS is 2 lakhs
NEFT stands for ” National Electronic Funds Transfer”.
It is a payment system that allows you to transfer funds to any bank account offline by filling the form. NEFT provides the facility for you to transfer funds less than 2 lakhs to any bank account.
How to download SBI RTGS and NEFT form PDF?
If you are a customer of SBI then you must fill the RTGS/NEFT form in order to transfer money. You can get this form in any branch.
Else, you can download the form from the given link. Print it, fill it in and submit it to the branch to transfer funds.
How to Fill State Bank of India(SBI) RTGS/NEFT Form Step by Step?
SBI RTGS form has only one page. follow the process below to fill SBI RTGS/NEFT form without any mistakes.
- First, fill in the bank branch Code where you have your account and then the Date (should be DD-MM-YY format like 10- 02 -2019).
- Next line you have to enter the amount you wish to transfer. Write your Cheque number if you are transferring the fund from Cheque. don’t forget to attach the cheque in this case.
- Enter your Bank Account Number if you wish to Debit the amount from your bank account.
- Enter the Beneficiary’s name, Bank name, Branch name, Account number, Bank IFSC code, Amount you want to transfer (in words), and figures as well in the given box.
- On the bottom right-hand side enter your name, address, telephone, or mobile number and Sign it.
- On the left-hand side, you will find Customer Acknowledge space, fill in the date and other details as mentioned in the above steps.
- Check the details one more time before depositing to the bank officials to make sure every information is correct.
State Bank of India (SBI) NEFT transfer Charges
There will be no charges at all if the transfer is done using Mobile or Internet Banking. The inward transaction is free in SBI RTGS/NEFT transfer.
| Outward Transaction Amount | Charges |
|---|---|
| Up to Rs.10000 | Rs. 2.00 per transaction + GST |
| Rs. 10001 to Rs. 1 Lakh | Rs. 4.00 per transaction + GST |
| Above Rs. 1 Lakh to Rs. 2 Lakh | Rs. 12.00 per transaction + GST |
| Above Rs. 2 Lakh | Rs. 20.00 per transaction + GST |
State Bank of India (SBI) RTGS transfer Charges
| RTGS Outward Transaction Amount | Charges |
|---|---|
| Rs. 2 lakhs to Rs. 5 lakhs | Rs. 20.00 per transaction + GST |
| Above Rs. 5 lakhs | Rs. 40.00 per transaction + GST |
State Bank of India (SBI) NEFT transfer timings 2021
| Transfer Days | Transfer Time |
|---|---|
| Monday to Friday (Weekdays) | 8:00 AM to 7:00 PM |
| On working Saturdays | 8:00 AM to 7:00 PM |
| Sunday and Public Holidays | No transaction |
State Bank of India (SBI) RTGS transfer timings 2021
| Transfer Days | Transfer Time |
|---|---|
| Monday to Friday (Weekdays) | 7:00 AM to 6:00 PM |
| On working Saturdays | 7:00 AM to 6:00 PM |
| Sunday and Public Holidays | No transaction |
Benefit of NEFT/RTGS
- Most Safe and Secure way to transfer funds of large amount from one bank to another.
- NEFT is available 24*7 on internet.
- NEFT/RTGS form is easily available in any SBI Bank branch.
Conclusion
You have learned about SBI RTGS Form NEFT Form PDF Download, How to fill the form step by step, its charges, and timings. I hope the above information is clear.
If you have any doubt related to the information, you can ask in the below comment section. I will be happy to answer them.
FAQs
No, there is no charge when the fund transfer is done online.
Under normal circumstances, The beneficiary Bank has to credit the beneficiary’s account within 30 minutes of receiving the fund’s transfer message.
NEFT settlement is done in batches so the beneficiary can get the credit for the NEFT transactions within two hours from the batch in which the transaction was settled.
For NEFT Issue call the number 022-27560746 or send an email to neft@sbi.co.in
For RTGS Issue call the number 022-27560746 or send an email to sbirtgs@sbi.co.in
Yes, the beneficiary bank will refund the RTGS transfer amount to the remitter bank within one hour. and it will be credited to your account by the respective bank branch.
Yes, the beneficiary bank will refund the NEFT transfer amount to the remitter bank within two hours. and it will be credited to your account by the respective bank branch.
