You can transfer Rs. 10 lakh in one day in SBI through NEFT or RTGS as there is no maximum limit for NEFT or RTGS transactions.
Yes, you can transfer Rs. 20 lakhs through RTGS. Since there is no upper limit for RTGS transactions, transferring such amounts is possible and often done for large-value payments.
During the first 4 days after activation, you can transfer a total of Rs. 5,00,000 to a new beneficiary if activated by the system. You can transfer up to full limit (please refer Transaction limit / Charges) in a day if beneficiary is activated by your home branch.
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.
You can commence funds transfer to the new beneficiary only after its activation. During the first 4 days after activation, you can transfer a total of Rs. 5,00,000 to a new beneficiary if activated by the system.
Bulk posting lets you credit numerous accounts from a single source. Significant time and effort are saved, which speeds up transactions. Bulk posting can be used to debit the manager's account and credit the worker's account. If the balance is high, it will also aid in increasing the dividend.