RTGS/NEFT/ECS CHARGES

RTGS/NEFT/ECS CHARGES
S.No.
Items
Transaction Slab
Charges

1.

NEFT

Upto Rs.10,000-

Rs.2.50

Upto Rs.1.00 lac

Rs.5.00

Above Rs.1.00 lac to 2.00 lacs

Rs.15.00

Above Rs.2.00 lacs

Rs.25.00

a) RTGS Customer Transactions (R-41)
Time of settlement at the RBI Transaction Slab Charges
From To

09.00 Hours

12.00 Hours

Rs.2.00 lacs to Rs.5.00 lacs

Rs.25

Above Rs.5.00 lacs

Rs.51

After 12.00 Hours

15.30 Hours

Rs.2.00 lacs to Rs.5.00 lacs

Rs.26

Above Rs.5.00 lacs

Rs.52

After 15.30 Hours

16.30 Hours (on week days)

Rs.2.00 lacs to Rs.5.00 lacs

Rs.31

Above Rs.5.00 lacs

Rs.56

b) RTGS Inter-Bank Transactions (R-42)
Time of settlement at the RBI Transaction Slab Charges
From To

09.00 Hours

12.00 Hours

Rs.2.00 lacs to Rs.5.00 lacs

Rs.25

Above Rs.5.00 lacs

Rs.51

After 12.00 Hours

15.30 Hours

Rs.2.00 lacs to Rs.5.00 lacs

Rs.26

Above Rs.5.00 lacs

Rs.52

After 15.30 Hours

16.30 Hours (on week days)

Rs.2.00 lacs to Rs.5.00 lacs

Rs.31

Above Rs.5.00 lacs

Rs.56

NOTE:
  • Charges are to be recovered from the account where the credit is afforded. However, no recovery shall be effected from the accounts of Vishesh Customers and holders of Savings Plus and Premium Savings Accounts.

  • Charges recovered are to be credited to the branch which puts through the transactions.

  • Circles have the discretion to reduce the maximum cash withdrawal limit per non-home transaction at non-chest branches.

  • Non-home transactions will be allowed to be conducted without any service charges from all Staff/SBI Pensioners and Staff of Associates.

    • Above charges are applicable to all type of transactions, including inter-bank funds transfer (RTGS R-42).

    • As above charges are all inclusive, no additional charges such as Courier charges, out of pocket expenses etc., need to be levied from the customers.

    • The charges are applicable only to transactions originated and payable within India.

    • To reduce the Clearing Cycle and to promote electronic mode of payment, the drawee branches should use electronic modes like RTGS/NEFT, wherever available, to remit proceeds to the collecting branches.

NOTE: CONCESSIONS IN SERVICE CHARGES
  • Service charges for certain categories of customer like individuals in rural areas, pensioners and senior citizens, the service charges has been reduced to 50% of applicable prescribed charges in respect of following services :

    • Issue of duplicate Passbook/statement of accounts.

    • Issue of cheque books.

    • Noting of Standing Instructions.

    • Stop payment instructions.

    • Charges for non-maintenance of minimum balance.

    • Issue of balance certificate.

    • Signature verification.

    • Ledger folio charges.

  • No service charges will be levied for "no frill" accounts.

  • BPR entities and Managers of Division will also exercise powers in respective grades as above in regard to concession in service charges.

The charges are inclusive of Service Tax and no separate recovery is required to be made