Question 1

How to transfer funds through NEFT from SBI to another bank account?

Accepted Answer

Follow the below steps to transfer funds through NEFT from SBI to SBI account:

Step 1: Log in to the SBI internet banking account.
Step 2: Click on the Payments/ Transfer option
Step 3: Under the ‘Outside SBI’ tab, choose ‘other bank transfer’.
Step 4: Click on the interbank beneficiary option, select EFT, and proceed.
Step 5: Select the account and enter the amount you want to transfer.
Step 6: Select the beneficiary account number and time of transfer.
Step 7: Select the beneficiary details and click ‘Submit’.
Step 8: Accept the terms and conditions and click on ‘Submit’.

Question 2

How to transfer funds through NEFT from SBI to SBI account?

Accepted Answer

Follow the below steps to transfer funds through NEFT from SBI to SBI account:

Step 1: Log in to the SBI internet banking account.
Step 2: Click on the Payments/ Transfer option
Step 3: Under the ‘Within SBI’ tab, choose ‘Accounts of Others’.
Step 4: Select the account and enter the amount you want to transfer.
Step 5: Select the beneficiary account number and time of transfer.
Step 6: Select the beneficiary details and click ‘Submit’.
Step 7: Accept the terms and conditions and click on ‘Submit’.

Question 3

Is there any charges for NEFT transfer in SBI?

Accepted Answer

Below are the service charges applicable for NEFT transactions:

NEFT	Branch	Online
Up to ₹ 10,000	₹2.00+ GST	--NIL--
Above ₹10,000/- and up to ₹1.00 lakh	₹4.00+ GST
Above ₹1.00 lakh and up to ₹2.00 lakhs	₹12.00+ GST
Above ₹2.00 lakhs	₹ 20.00+ GST

Question 4

Is there any charges for NEFT transaction in SBI?

Accepted Answer

No, SBI does not charge for NEFT transactions initiated via online banking (OnlineSBI, YONO, or mobile banking)—they are completely free. Charges apply only when NEFT is done in-person at a branch.

SBI NEFT Charges 2025