{"id":14754,"date":"2024-11-29T15:37:05","date_gmt":"2024-11-29T10:07:05","guid":{"rendered":"https:\/\/razorpay.com\/learn\/?p=14754"},"modified":"2026-02-09T17:11:48","modified_gmt":"2026-02-09T11:41:48","slug":"sbi-rtgs-charges","status":"publish","type":"post","link":"https:\/\/razorpay.com\/learn\/sbi-rtgs-charges\/","title":{"rendered":"SBI RTGS Charges 2026: Fees, Timings, and Process"},"content":{"rendered":"<p><a href=\"https:\/\/razorpay.com\/learn\/rtgs\/\">Real-Time Gross Settlement (RTGS)<\/a> is a system developed by the Reserve Bank of India (RBI) for instant and secure high-value fund transfers. The State Bank of India (SBI) offers this service with its own <a href=\"https:\/\/razorpay.com\/learn\/what-are-rtgs-charges\/\">RTGS charges<\/a>, timings, and limits. Understanding these SBI RTGS charges and processes can help you make informed decisions and manage your transfers efficiently.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e069cc6ea32\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e069cc6ea32\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/razorpay.com\/learn\/sbi-rtgs-charges\/#SBI-RTGS-Charges\" >SBI RTGS Charges<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/razorpay.com\/learn\/sbi-rtgs-charges\/#RTGS-Transfer-Procedure-in-SBI\" >RTGS Transfer Procedure in SBI<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/razorpay.com\/learn\/sbi-rtgs-charges\/#SBI-RTGS-Timings\" >SBI RTGS Timings<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/razorpay.com\/learn\/sbi-rtgs-charges\/#SBI-RTGS-Limit\" >SBI RTGS Limit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/razorpay.com\/learn\/sbi-rtgs-charges\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"SBI-RTGS-Charges\"><\/span>SBI RTGS Charges<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The State Bank of India offers RTGS services for transferring funds of \u20b92 lakh and above. The charges for these transactions differ based on whether they are initiated online or at a bank branch.<\/p>\n<h3>SBI RTGS Charges for Branch and Online Transactions<\/h3>\n<p>No charges are applied for RTGS transactions initiated through <strong>SBI\u2019s internet banking and mobile apps<\/strong>. For branch-initiated <a href=\"https:\/\/razorpay.com\/learn\/transfer-funds-using-rtgs\/\">RTGS transfers<\/a>, SBI charges vary depending on the transaction value:<\/p>\n<table dir=\"ltr\" cellspacing=\"0\" cellpadding=\"0\" data-sheets-root=\"1\" data-sheets-baot=\"1\">\n<colgroup>\n<col width=\"318\" \/>\n<col width=\"238\" \/>\n<col width=\"231\" \/><\/colgroup>\n<tbody>\n<tr>\n<td>\n<h4 style=\"text-align: center;\">Transaction Amount<\/h4>\n<\/td>\n<td>\n<h4 style=\"text-align: center;\">RTGS Charges (\u20b9) For SBI Branch Transactions<\/h4>\n<\/td>\n<td>\n<div>\n<h4 style=\"text-align: center;\">RTGS Charges (\u20b9) For SBI Online Transactions<\/h4>\n<\/div>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">\u20b92 lakh to \u20b95 lakh<\/td>\n<td style=\"text-align: center;\">\u20b920 + GST<\/td>\n<td style=\"text-align: center;\">Nil<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">Above \u20b95 lakh<\/td>\n<td style=\"text-align: center;\">\u20b940 + GST<\/td>\n<td style=\"text-align: center;\">Nil<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Additional Costs and GST Applicability<\/h3>\n<p>When using <strong>RTGS (Real-Time Gross Settlement)<\/strong> services at <strong>SBI bank branches<\/strong>, the base RTGS charges are subject to <strong>Goods and Services Tax (GST)<\/strong>. This adds to the overall transaction cost.<\/p>\n<h4><strong>Example<\/strong>:<\/h4>\n<ul>\n<li>If you initiate an RTGS transfer of \u20b95,00,000 at an SBI branch, the base charge may be \u20b930. Adding GST at 18%, the total cost becomes \u20b935.40 (\u20b930 + \u20b95.40 GST).\n<ul>\n<li><strong>Total Cost<\/strong>: \u20b935.40<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h4><strong>Account Type and Fee Variations<\/strong>:<\/h4>\n<p>It\u2019s important to note that SBI may have different fee structures based on:<\/p>\n<ul>\n<li><strong>Account Type<\/strong>: Savings accounts might have lower fees compared to current accounts.<\/li>\n<li><strong>Customer Segment<\/strong>: Retail customers and corporate customers may be subject to varying charges.<\/li>\n<\/ul>\n<p>Additionally, corporate customer using branch RTGS may face higher charges compared to a retail customer conducting the transaction online.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"RTGS-Transfer-Procedure-in-SBI\"><\/span>RTGS Transfer Procedure in SBI<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>SBI provides two convenient methods for initiating RTGS transfers: offline transactions through a branch and online transfers via net banking. Here&#8217;s a step-by-step guide for each:<\/p>\n<h3>1. Offline SBI RTGS Transfer Procedure<\/h3>\n<p>To initiate an RTGS transfer offline, follow these steps:<\/p>\n<h4>Step 1. Visit your nearest SBI branch and collect the RTGS form.<\/h4>\n<h4>Step 2. Fill in the form with the following details<\/h4>\n<ul>\n<li>Date and amount (in numbers and words).<\/li>\n<li>Your account number and <a href=\"https:\/\/razorpay.com\/learn\/what-is-cheque\/\">cheque<\/a> details (serial number and date).<\/li>\n<li>Beneficiary details, including name, account number, and IFSC code.<\/li>\n<\/ul>\n<h4>Step 3. Sign the form to authorise the payment<\/h4>\n<h4>Step 4. Submit the filled form and a signed cheque to the bank official for processing<\/h4>\n<p>The bank will process the transaction after verifying the details, ensuring a secure and reliable transfer.<\/p>\n<h3>2. RTGS by SBI Net Banking<\/h3>\n<p>For a quicker and more convenient option, you can use SBI\u2019s net banking platform for RTGS transfers:<\/p>\n<h4>Step 1. Log in to <a href=\"https:\/\/www.onlinesbi.sbi\/\" target=\"_blank\" rel=\"noopener\">SBI Internet Banking<\/a> with your credentials<\/h4>\n<h4>Step 2. Go to the \u201cProfile\u201d tab and click on \u201cManage Beneficiary\u201d<\/h4>\n<h4>Step 3. Choose \u201cInter Bank Payee\u201d or other suitable option and add beneficiary details:<\/h4>\n<ul>\n<li>Beneficiary name, account number, IFSC code, and transfer limit.<\/li>\n<li>Authorise the beneficiary by entering the high-security password sent to your registered mobile number.<\/li>\n<li>Beneficiary activation may take up to 16 hours.<\/li>\n<\/ul>\n<h4>Step 4. Select Payment Type<\/h4>\n<p>Once activated, go to the \u201cPayments\/Transfers\u201d tab and select \u201cInter Bank Transfer\u201d or other suitable option.<\/p>\n<h4>Step 5. Choose RTGS as the transaction type, select the beneficiary, and enter the amount.<\/h4>\n<h4>Step 6. Accept the terms and confirm the transaction.<\/h4>\n<h2><span class=\"ez-toc-section\" id=\"SBI-RTGS-Timings\"><\/span>SBI RTGS Timings<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>SBI facilitates online RTGS transfers around the clock, making fund transfers for high-value transactions seamless and <strong>accessible 24\u00d77<\/strong>.<\/p>\n<p>For branch transactions, RTGS timings depend on the bank\u2019s operational hours, typically aligned with working days. It\u2019s recommended to confirm specific branch timings before initiating a transfer, as they may vary on weekends or public holidays. Online transactions through internet banking or the mobile app remain unaffected by branch hours, providing flexibility and convenience.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"SBI-RTGS-Limit\"><\/span>SBI RTGS Limit<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>SBI sets specific transaction limits for RTGS transfers, ensuring they are suitable for high-value payments. The minimum transaction limit for RTGS is \u20b92 lakh, applicable to all accounts.<\/p>\n<p>The maximum SBI RTGS limit per transaction and per day depends on the type of account:<\/p>\n<table dir=\"ltr\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\" data-sheets-root=\"1\" data-sheets-baot=\"1\">\n<colgroup>\n<col width=\"100\" \/>\n<col width=\"100\" \/>\n<col width=\"160\" \/><\/colgroup>\n<tbody>\n<tr>\n<td><strong>Account Type<\/strong><\/td>\n<td><strong>Maximum Limit (Per Transaction)<\/strong><\/td>\n<td><strong>Maximum Limit (Per Day)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Saral<\/td>\n<td>\u20b910 lakh<\/td>\n<td>\u20b910 lakh<\/td>\n<\/tr>\n<tr>\n<td>Vyapaar<\/td>\n<td>\u20b950 lakh<\/td>\n<td>No limit<\/td>\n<\/tr>\n<tr>\n<td>Vistaar<\/td>\n<td>\u20b92,000 crore<\/td>\n<td>No limit<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>For individual accounts, the maximum transaction limit aligns with the Saral account, while corporate accounts such as Vyapaar and Vistaar offer higher flexibility to cater to business needs.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3>Q1: How much does SBI charge for RTGS?<\/h3>\n<p>SBI does not charge any fees for RTGS transactions made online through Internet banking or the YONO app. However, for branch transactions, charges are \u20b920 + GST for amounts between \u20b92 lakh and \u20b95 lakh, and \u20b940 + GST for amounts above \u20b95 lakh.<\/p>\n<h3>Q2: What is the information required to initiate an RTGS payment in SBI?<\/h3>\n<p>To initiate an RTGS transfer, you need the following details:<\/p>\n<ul>\n<li>Amount to be remitted<\/li>\n<li>Your SBI account number to be debited<\/li>\n<li>Name of the beneficiary bank<\/li>\n<li>Name of the beneficiary<\/li>\n<li>Beneficiary\u2019s account number<\/li>\n<li>IFSC code of the beneficiary\u2019s bank branch<\/li>\n<li>Any additional sender-to-receiver information (optional)<\/li>\n<\/ul>\n<h3>Q3: Can I do RTGS through YONO SBI?<\/h3>\n<p>Yes, RTGS can be performed seamlessly through the YONO SBI app. The service is available 24&#215;7, and no charges are applied for online transactions.<\/p>\n<h3>Q4: Can I do RTGS without a cheque in SBI?<\/h3>\n<p>Yes, you can perform an RTGS transaction without a cheque by using online banking platforms like SBI&#8217;s Internet banking or the YONO app. For branch transactions, however, you may be required to provide a cheque to initiate the transfer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Real-Time Gross Settlement (RTGS) is a system developed by the Reserve Bank of India (RBI) for instant and secure high-value fund transfers. The State Bank of India (SBI) offers this service with its own RTGS charges, timings, and limits. Understanding these SBI RTGS charges and processes can help you make informed decisions and manage your<\/p>\n","protected":false},"author":151156611,"featured_media":16966,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3476],"tags":[],"class_list":{"0":"post-14754","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-payroll-glossary"},"_links":{"self":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts\/14754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/users\/151156611"}],"replies":[{"embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/comments?post=14754"}],"version-history":[{"count":8,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts\/14754\/revisions"}],"predecessor-version":[{"id":18823,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts\/14754\/revisions\/18823"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/media\/16966"}],"wp:attachment":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/media?parent=14754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/categories?post=14754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/tags?post=14754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}