SBI Bank NEFT Important Features

Individuals, firms and corporates having a bank account in SBI can use NEFT system

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No specific limit announced by RBI; may vary from bank to bank

Someone with no bank account can use NEFT to remit funds to a beneficiary’s bank account

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Rs. 50,000 in cash can be remitted at a time on an NEFT-enabled branch

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SBI Bank NEFT Important Features

Individuals, firms and corporates having a bank account in SBI can use NEFT system

No specific limit announced by RBI; may vary from bank to bank

Someone with no bank account can use NEFT to remit funds to a beneficiary’s bank account

Rs. 50,000 in cash can be remitted at a time on an NEFT-enabled branch

Read More

SBI Credit Card Bill Payment through NEFT

Why should I transfer my funds using SBI NEFT?