SBI has reduced the transaction charges of RTGS/NEFT to ZERO

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RTGS/NEFT transaction is for inter bank transfer purpose and also each of them works at different timings and limits.

Recently, SBI has revised the transaction charges of NEFT/RTGS in branch channel to promote digital transaction and also to compete with private sector banks.

Government has also pushed to promote the digital transactions among new generations is also one of the reason behind this.

To promote this kind of digital transactions and also for the customer service RBI has recently extended the timing of RTGS upto 6.00 PM.

Now, SBI took a further step to promote this transaction by reducing the transaction charges in branch channel and in internet/mobile banking channel they bring down to ZERO.

The detailed revised transaction charges are listed below:

Bank channel:

	Amount (INR)	Existing Charge (INR)	Revised Charge (INR)*
NEFT	Up to 10000	2.50/-	2/-
	10001 – 1 Lakh	5/-	4/-
	1 Lakh – 2 Lakhs	15/-	12/-
	Above 2 Lakhs	25/-	20/-
RTGS	2 Lakhs – 5 Lakhs	25/-	20/-
	Above 5 Lakhs	50/-	40/-

*exclusive of GST.

Internet/Mobile banking channel:

	Amount (INR)	Existing Charge (INR)	Revised Charge (INR)*
NEFT	Up to 10000	1/-	NIL
	10001 – 1 Lakh	2/-	NIL
	1 Lakh – 2 Lakhs	3/-	NIL
	Above 2 Lakhs	5/-	NIL
RTGS	2 Lakhs – 5 Lakhs	5/-	NIL
	Above 5 Lakhs	10/-	NIL