To transfer ₹10 lakhs in one day with SBI, use RTGS (Real-Time Gross Settlement) via YONO SBI or NetBanking, as it supports high-value, instant, or near-instant transfers. RTGS is available 24/7, with no maximum limit for individual transactions. Alternatively, use NEFT, which also has no maximum limit.
Yes, NEFT transfer is free in SBI when it is done through online channels, such as SBI Netbanking and mobile banking app. You can transfer Rs. 10 lakh in one day in SBI through NEFT or RTGS as there is no maximum limit for NEFT or RTGS transactions. There is no maximum limit for NEFT and RTGS transfers in SBI.
1) Payment Gateway transaction limit is up to 10 lakh per day / per transaction. 2) Own account fund transfer — No limit (up to the available balance in debit account). 3) IMPS to registered beneficiary - up to Rs 5 Lakh per day/per transaction. 4) NEFT to registered beneficiary per day - up to Rs.
To remit funds to the Inter Bank Payee through RTGS/NEFT select the 'Inter Bank Transfer' link in the 'Payments/Transfers' tab. Select the Transaction Type-RTGS or NEFT. The list of beneficiary accounts added is displayed. Enter the Amount and select the beneficiary to be credited from the list.
Overview: RTGS transfers require a minimum of ₹2 lakh with no RBI maximum cap. Banks set daily limits between ₹25-50 lakh for individuals. Available 24/7 with instant settlement, RTGS suits high-value property, business, and urgent payments with enhanced security features.
You must just remember that the cash deposit limit in savings account in a financial year is Rs. 10 Lakh and you must not cross that amount. If you deposit more than that amount, the IT department may be notified.
The daily transaction limit for IMPS transfers at SBI is typically ₹5 lakh, which means a transfer of 5 lakhs (₹5,00,000) in one day is generally possible. However, the exact limit can vary based on the specific transfer channel (e.g., YONO, Net Banking) and the account type.
No fees is charged by the State Bank of India (SBI) for online RTGS transactions. However, the bank charges fees whenever customers opt for RTGS fund transfer through offline mode, which include the following: Rs. 20 + GST for transactions between Rs.
RTGS Key Features
Minimum Transfer Amount: Can be used for a minimum amount of ₹2 lakh, and there is no upper limit. Speed of Transaction: Compared with NEFT, RTGS is faster since payments are processed as soon as requested. Availability: RTGS is only available during banking hours.
RTGS is available on all days on 24x7x365 basis. The above-mentioned facilities are available to Retail users of SBI (provided they have availed transaction rights).
NEFT (National Electronic Funds Transfer) is a popular method for transferring funds between bank accounts, and one of its key advantages is that there is no set limit on the amount that can be transferred. The Reserve Bank of India (RBI) does not impose any minimum or maximum amount for NEFT transactions.
Each payment mode has its own benefits. NEFT is suitable for transactions which are not urgent and for any transfer amount. IMPS is for instant fund transfer 24/7 of amounts up to ₹5 lakh. RTGS is ideal for high-value transactions above ₹2 lakh which need to be processed instantly.
How to Change UPI Transaction Limit in SBI?
RTGS Timings in 2026
The RTGS timings are 24/7, and you can access it 365 days, including public holidays, weekends, and bank holidays. After the transfer is initiated, your bank will credit the recipient's account within 30 minutes of receiving the funds transfer message.
Yes, it is possible to transfer ₹20 Lakhs through NEFT, depending on your bank's daily limit. Increasing the NEFT limit in HDFC is a hassle-free process. To modify your third-party transfer (TPT) limit in HDFC Bank, log in to the official HDFC Bank portal using your ID and password.
SBI IMPS Transaction Limits
The maximum limit per transaction is ₹5,00,000. The total limit for daily transfers is ₹25,00,000, allowing you to make multiple transactions throughout the day, as long as the total does not exceed this amount.
To remit funds to the Inter Bank Payee through RTGS/NEFT select the 'Inter Bank Transfer' link in the 'Payments/Transfers' tab. Select the Transaction Type-RTGS or NEFT . The list of beneficiary accounts added is displayed. Enter the Amount and select the beneficiary to be credited from the list.
The per transaction limit is Rs. 49,900/- for Cardless deposit and through Debit Cards Rs. 2.00 lacs (subject to account has ceded with PAN number).