There is no limit or maximum amount for NEFT Transactions. However, each bank may have certain specified limits for their NEFT services. For example, HDFC Bank has an NEFT Transfer Limit of Rs. 25 Lakhs per day per customer ID if the transaction is done through online mode.
Transaction Limits & Charges TransactionPer day Limit (in Rs.) Third Party Transfer within SBI 25,00,000 Interbank Transfer - NEFT 25,00,000 Interbank Transfer - RTGS 25,00,000 IMPS Overall Daily Limit 5,00,00016 more rows
For the first 4 days from activation, a total sum of Rs. 1 lakh can be transferred. After that, Rs. 2 lakhs can be transferred per day.
Transaction Limits & Charges TransactionEasyPIN Limits (Individual overall daily limits) Transfer within Self Accounts 2,00,00,000 Fixed / Recurring Deposit 99,99,999 Third Party Transfer within SBI 25,00,000 Interbank Transfer - NEFT 25,00,00016 more rows
5,00,000 in the aggregate to the beneficiary added by you. Thereafter, the full per day limit, as set by you, subject to maximum of Rs. 5 lakh, will become available. Example: If a beneficiary is activated by Internet Banking system on Monday, till Friday, you will be able to transfer a total amount of Rs.
To remit funds to the Inter Bank Payee through RTGS / NEFT select the 'Other Bank Transfer' link in the 'Payments/Transfers' tab. Select the Transaction Type - RTGS or NEFT. The list of beneficiary accounts added is displayed. Enter the Amount and select the beneficiary to be credited from the list.
20 lakhs in one day? You can use NEFT to transfer the amount.
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.