Did you know you can transfer funds from your SBI account at any point in a day? Using the SBI NEFT services, you can transfer money to anyone in India and overseas without any time limits – only if your internet banking services are active.
For those of you who do not prefer the online mode, check out the SBI NEFT timings to transfer funds at the bank on working days.
Below-mentioned are the SBI timings for using the NEFT services online (via SBI netbanking/mobile banking) and at-the-bank, likewise:
SBI NEFT Online Timings
To use the SBI NEFT services online, you must first activate the SBI internet banking services in your account. Once the netbanking in your bank account is up and running, you can use the NEFT option at any point in a day. The bank has 48 batches of NEFT requests that it takes on a half-hourly base.
When adding a new beneficiary in your SBI account to transfer funds via NEFT, you will be required to wait for up to 4 hours. This time limit is applicable if you’ve added the beneficiary between 6.00 AM to 8.00 PM (IST). If done after 8:00PM, you’ll only be able to transfer funds to this new beneficiary after 8:00AM the next morning.
NEFT SBI timings: 24×7 – all days
SBI NEFT Timings: Offline
You can transfer funds via SBI NEFT at the branch during the working hours of the branch. This service is not available on the bank holidays. On such days, you can use the online channel to transfer funds via SBI NEFT.
SBI Weekend NEFT Timings
At the branch SBI NEFT timings on weekends:
- 1st,3rd and 5th Saturdays – 9:00AM to 3:30PM
- 2nd and 4th Saturdays – Closed
- Sundays – Closed
Online Channel: 24×7 – all days
About State Bank of India
State Bank of India is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. It is the biggest commercial bank of India with the largest market share, in terms of customer-base i.e. approximately 25% of the total loan and deposit share of the Indian market. SBI is also the 5th largest employer in the country with more than 25,000 employees working under its wings.
Also, check other bank’s NEFT Timings in the below table:
|Axis Bank NEFT Timings
|Indian Bank NEFT Timings
|HDFC NEFT Timings
|ICICI NEFT Timings
|PNB NEFT Timings
SBI NEFT Timings: FAQs
When done online, SBI NEFT transfer is totally free of any charges. When done at the branch, you may need to pay up to Rs 20 (+ GST).
No. Online SBI NEFT is completely free, i.e. if you’re transferring Rs 1,000 to another bank’s account, only Rs 1,000 will be debited from your account and not a penny more.
For transfers up to Rs 10,000 – Rs 2; for transfers between Rs 10,001 to Rs 1 lakh – Rs 4; Rs 1 lakh to Rs 2 lakhs – Rs 12 and for transfers above Rs 2 lakhs – Rs 20. (GST extra)
You can make NEFT transfer at the SBI branch from 10AM to 4PM (Monday to Saturday; except 2nd and 4th Saturday).
SBI NEFT is available 24×7 on all days for online transfers.