Need to transfer money through NEFT from your SBI account? It’s a safe and widely used method for sending money to other banks in India. But how much does it cost?
Here’s a complete breakdown of SBI NEFT charges in 2025, plus tips to avoid fees when possible.
What Is NEFT in SBI?
NEFT (National Electronic Funds Transfer) is an RBI-regulated payment system that lets you transfer funds to any bank account in India. It’s ideal for sending money that doesn’t need to arrive instantly.
Available via:
- SBI branch
- YONO app
- OnlineSBI internet banking
- SBI mobile app
SBI NEFT Charges (2025)
SBI does not charge any NEFT fees for online transactions — only branch-based NEFT has charges.
NEFT Charges at SBI Branch (Offline Mode)
| Amount Range | Charges (excluding GST) |
|---|---|
| Up to ₹10,000 | ₹2.00 |
| ₹10,001 to ₹1 lakh | ₹4.00 |
| ₹1 lakh to ₹2 lakhs | ₹12.00 |
| Above ₹2 lakhs | ₹20.00 |
GST extra as applicable (currently 18%)
NEFT Charges for Online Transfers (YONO, Net Banking)
₹0 — Free of Cost
SBI does not charge any fees for NEFT transactions done through:
- Internet banking (OnlineSBI)
- YONO app
- SBI mobile banking
This makes digital banking the most cost-effective option.
SBI NEFT Timings (2025)
- Online NEFT: Available 24×7×365
- Branch NEFT: During branch working hours (usually 10:00 AM to 4:00 PM on weekdays, shorter on Saturdays)
Transfers are processed in half-hour batches, as per RBI NEFT guidelines.
NEFT Transaction Limits in SBI
| Mode | Daily Limit |
|---|---|
| Internet Banking (Retail) | ₹10 lakhs/day |
| YONO App | ₹10 lakhs/day |
| Branch | Based on account KYC and bank discretion |
FAQs
Q1: Is NEFT free in SBI?
A. Yes, NEFT is free if done online. Charges apply only if you visit a branch to send money.
Q2: Can I send NEFT transfers on Sundays?
A. Yes. NEFT via internet banking or YONO is available 24×7, even on Sundays and holidays.
Q3: How long does it take for NEFT to reflect?
A. NEFT is usually processed in 30-minute batches, so the beneficiary typically receives the money within 1–2 hours.
Q4: Is there a way to track an NEFT transaction?
A. Yes. You’ll get a reference number or UTR (Unique Transaction Reference), which can be used to track the status via:
SBI customer care
Beneficiary bank
Key Takeaways
- Use SBI online platforms (YONO, Net Banking) to avoid NEFT fees.
- Branch-based NEFT has charges ranging from ₹2 to ₹20 + GST.
- NEFT is secure, RBI-regulated, and now available 24×7.
- Perfect for non-urgent transfers to other bank accounts in India.
