State Bank of India NEFT Charges, Timings, Limit & How To Transfer

State Bank of India (SBI) is India’s largest public sector bank with millions of customers relying on its secure digital banking services. One of the most widely used methods to transfer money across India is NEFT (National Electronic Funds Transfer). Whether you’re paying fees, sending money to family, or settling bills, NEFT is a trusted and efficient option.

In this article, we’ll explain the SBI NEFT charges, timings, transaction limits, and a step‑by‑step guide on how to transfer money. This guide is designed to be simple and helpful for both new and experienced users.

What is NEFT?

NEFT is an electronic payment system regulated by the Reserve Bank of India (RBI) that enables customers to transfer funds between bank accounts across India. Funds move in batches that are processed in scheduled settlement cycles throughout the day.

NEFT is ideal for transferring money to other banks or accounts in cities across India without visiting a bank branch.

SBI NEFT Charges (2026)

SBI follows RBI guidelines and has made NEFT free if you transfer money using digital channels. This includes:

1. Online Banking Charges

• Internet Banking (OnlineSBI): Free
• Mobile Banking (YONO App / YONO Lite / SBI Anywhere):
• Free There are no charges for NEFT transfers done online.

2. Branch NEFT Charges

If you visit a branch to initiate NEFT, SBI may charge a nominal fee based on the amount:

Note: GST (Goods and Services Tax) will be added on top of these charges.

Digital NEFT transfers are completely free of cost, encouraging customers to use online banking and mobile apps for convenience.

NEFT Timings at SBI

Online NEFT

• Available 24×7, 365 days
• Works on Sundays and bank holidays

NEFT via internet banking or the YONO app can be initiated anytime.

Branch NEFT

• During branch working hours
• Typically around 10:00 AM to 4:00 PM on weekdays
• Shorter hours on Saturdays

Although NEFT is available online 24×7, offline branch processing follows standard business hours.

Batch Processing

NEFT settlements happen in half‑hourly batches throughout the day, so transfers are usually credited to the beneficiary within 30 minutes to a few hours, depending on the settlement cycle.

NEFT Transaction Limit in SBI

NEFT does not have a fixed RBI‑mandated maximum or minimum, but SBI generally applies the following limits for retail customers:

For retail users via SBI internet banking, the daily NEFT limit is around ₹10 lakh. Corporate accounts have higher or even flexible limits based on account type.

How to Transfer Money via NEFT in SBI

Follow these simple steps to transfer funds using NEFT:

Using Internet Banking (OnlineSBI)

1. Login to OnlineSBI or the YONO App.

2. Go to ‘Payments / Transfers’ > ‘NEFT Fund Transfer’.

3. Add Beneficiary (if not already added):

• Beneficiary Name
• Account Number
• IFSC Code

4. Submit beneficiary details—activation might take a short time.

5. Once activated, select the beneficiary.

6. Enter the transfer amount.

7. Confirm using OTP (One‑Time Password).

Save/download the UTR (Unique Transaction Reference) for tracking.

Tips

• Double‑check account and IFSC codes to avoid failed transfers.
• NEFT credit usually reflects within a few cycles; if not, SBI customer care can help.

Key Benefits of SBI NEFT

• Secure & RBI‑regulated
• Free online transfers
• 24×7 availability online
• Convenient via mobile and internet banking

NEFT is a trusted option for hassle‑free money transfers across India.

Conclusion

State Bank of India’s NEFT service is a cost‑effective, secure, and highly accessible way to transfer money anywhere in India. With free digital transfers, flexible limits, and round‑the‑clock availability online, it remains one of the top choices for individuals and businesses alike.

For best results, always use internet banking or mobile apps like YONO to save time and avoid branch visit charges.