Can I transfer money from HDFC to SBI?
Select a BHIM or UPI ID (generally registered mobile number). Select Pay option to enter the details of the beneficiary, amount and description and initiate transfer of funds. The beneficiary receives alert on his/her mobile or account for successful transfer of funds.
How much time does it take to transfer money through Neft from HDFC to SBI?
NEFT means National Electronic Fund Transfer which is a nationwide electronic payment system allowing the quick interbank transfer of funds. The transactions between banks are processed and settled in batches of one hour on netting off basis. Hence, the time to transfer the funds can range between 1-2 hours.
What is the charges for NEFT transfer in HDFC?
HDFC Bank
| Amount | Charges |
|---|---|
| Up to ₹ 10,000 | Rs 2.50 + GST |
| Above ₹ 10,000 and up to ₹ 1 lakh | Rs 5 + GST |
| Above ₹ 1 lakh and up to ₹ 2 lakh | Rs 15 + GST |
| Above ₹ 2 lakh | Rs 25 + GST |
What is the charges for fund transfer in SBI?
SBI NEFT Fees and Charges
| Transaction Amount | Transaction Fee |
|---|---|
| More than Rs.2 lakh | Rs.25 |
| More than Rs.1 lakh to Rs.2 lakh | Rs.15 |
| More than Rs.10,000 to Rs.1 lakh | Rs.5 |
| Up to 10,000 | Rs.2.5 |
Can I transfer 1 crore through RTGS?
Yes, you can able to deposit or transfer money (1 Crore) through RTGS system. What is RTGS: The Real Time Gross Settlement, or RTGS, is for high-value transactions. The minimum amount is Rs 2 lakh.
Can I transfer 2 crore through RTGS?
The minimum amount to be remitted through RTGS is ₹ 2,00,000/- with no upper or maximum ceiling.
Can we transfer 50 lakhs per day?
“A retail customer can transfer up to a maximum of ₹20 lakh in a day using both mobile and internet banking channels such as RTGS, NEFT, IMPS and UPI. Customers can always use the branch channel for transferring money beyond this limit.
How much time does it take for RTGS transfer?
30 minutes
Does Neft work 24 hours?
As mentioned, the NEFT works for 24×7, 365 days. NEFT transactions after usual banking hours of banks are expected to be automated transactions initiated using ‘Straight Through Processing (STP)’ modes by the banks.
Can Neft be done after 6pm?
The NEFT transfer timings are from 8.00 am to 6.30 pm, while for RTGS it is from 8 am to 4.30 pm. It is important to remember that this on all days except on Sundays and the second and fourth Saturdays.