I’m planning to transfer funds soon and want to be sure what are the exact timings for NEFT and RTGS transactions at State Bank of India (SBI), especially if I’m using online banking or mobile app, and do these services operate 24×7 including weekends and holidays?
I used to think NEFT and RTGS have fixed bank hours, but it turns out SBI has changed a lot in the last few years.
What is the timing of NEFT and RTGS in SBI?
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NEFT: This also works 24/7 and earlier money were sent in batch cycles but now there is no fixed time slots. It can be done on holidays and after bank hours. There is no minimum limit and the maximum limit depends on the account type.
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RTGS: It works 24/7 by net banking and mobile app whereas by branch it usually works between 10 AM to 5 PM on working days. Online RTGS also works on weekends and holidays.
SBI Payment Services Practical Limits & Speed Table
| Feature | NEFT in SBI | RTGS in SBI |
|---|---|---|
| Best for | Small to medium transfers | Large and urgent transfers |
| Minimum amount | No limit | ₹2,00,000 |
| Maximum amount | No strict bank cap | Up to ₹50 lakh online (higher at branch) |
| Speed type | Batch processing | Real-time processing |
| Typical credit time | Few minutes to 2 hours | Instant or within minutes |
| Works at night? | Yes, online 24×7 | Yes, online 24×7 |
| Works on holidays? | Yes, online 24×7 | Yes, online 24×7 |
| Branch access timing | Bank hours only | Bank hours only |