SBI Quick Transfer

Account holders can carry out following transactions through the SBI Quick Transfer service in the Anywhere app:

• Send Money
• Receive Money
• Donations

In case you want to transfer money to a beneficiary, you have to follow the steps mentioned below:

• Open the SBI Anywhere personal app and log in to your account
• Select “Quick Transfer & Donations” option
• Select the “Send Money” option
• Select the “Debit Account” from which the amount will be deducted
• Select whether you want to pay through QR code or using the account details
• Enter details and submit your request
• The amount will be transferred immediately to the beneficiary’s account

In order to receive money, you can place a request with the remitter. Here’s how to do it:

• You can share your account details or QR code with the remitter
• In case the QR code is not generated previously, a new QR code can be generated using your account details
• Click on the share QR to share your encrypted account details with the remitter
• Alternatively, you can directly share the account details using the other option.

An account holder using the internet banking facility of the SBI can transfer funds directly without adding a beneficiary using Quick Transfer facility of internet banking as well. You have to follow the steps mentioned below to transfer funds quickly without adding a beneficiary in SBI account:

• Log in to the SBI internet banking account and select “Quick Transfer (Without Adding Beneficiary)” in the “Payments/Transfers” drop-down menu
• Select your account from which the amount will be deducted, enter required details such as beneficiary name, account number, payment option, IFS code, transfer mode, amount and purpose and click on the submit button
• Verify the details entered and click on the “Confirm” button to proceed
• Now enter the high-security password sent to the mobile number registered with SBI to complete the transaction
• The amount will be transferred to the beneficiary’s account and you will get the transaction ID which can be used to check the status of the transaction

You can transfer money from SBI through quick transfer using net banking and mobile banking (SBI Anywhere Personal app). The limit varies for each service depending upon the manner in which the transfer is carried out. SBI Quick Transfer limit per day is mentioned below:

SBI Quick Transfer Limit
Mode of Transaction	Limit per transaction		Limit per day
	Minimum	Maximum	Minimum	Maximum
SBI Net Banking	₹ 1/-	₹ 10,000/-	₹ 1/-	₹ 10,000/-
SBI Mobile Banking	₹ 1/-	₹ 10,000/-	₹ 1/-	₹ 25,000/-

An account holder has to pay a nominal fee for making transactions through SBI Quick Transfer. The service charge payable by the account holder for each kind of transaction is mentioned below:

Mode of Transaction	Transaction Amount	Service Charge
NEFT	Up to ₹ 10,000/-	₹ 1 + GST
IMPS	Up to ₹ 1,000/-	Nil
IMPS	₹ 1,001/- to ₹ 10,000/-	₹ 1 + GST

SBI Quick Transfer is carried out through NEFT and IMPS. If you choose the IMPS method, your transaction will be carried out immediately 24x7x365 on mobile app as well as net banking. In case you carry out the fund transfer through SBI NEFT, your transfer will be carried out either on the same day or latest by the next working day.