SBI Quick Transfer | SBI Money Transfer Online Without Adding Beneficiary

SBI Money (Fund) Transfer online without adding beneficiary

The State Bank of India has introduced a new feature in its website to transfer money quickly. The online SBI quick transfer procedure is simple and easy. You will find the SBI quick transfer under the section Payments/transfers section of the website as soon as you log in. Earlier a beneficiary has to be added and you have to wait for 6 to 8 hours or sometimes a day for the registration of the beneficiary. The SBI quick transfer procedure does not require any waiting for the adding of the beneficiary or registration. The quick money transfer process is similar for both SBI to SBI and from SBI to another bank. It is a convenient and safe way of sending money. Through online SBI quick transfer, the maximum amount that can be sent in a day is 5000 INR. This is the limit set by the SBI. The SBI quick transfer charges are that of NEFT (National Electronic Fund Transfer).

Online SBI Quick Transfer process

You can send money using the SBI quick transfer online to your friends and family. Though the amount is limited to only 5000, avail this feature whenever you need to remit money quickly. SBI quick transfer procedure is explained in the following steps.

  • The first step of online SBI quick transfer process is to get into your account by logging into your online SBI account using your username and password.
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  • After logging in you have press the Payment/transfers tab
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  • In the Payment/transfers section of the SBI website, you will find the option “quick transfer” to send money online in the third column of the table titled other Payment/receipts.
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    • Now, you are on the page, which asks information of the beneficiary or the receiver. Fill in the details. The details that have to be filled are Name of the beneficiary, Account Number of the beneficiary. After filling this, you need to choose one of the SBI quick transfer online Payment options. One is “Within SBI” and the other is “Interbank”. You may choose according to the bank a/c you need to send money. If it is another bank account then you need to choose Interbank and if you are sending money to SBI account you may do otherwise. Then fill in the IFSC code of the bank where your beneficiary is holding the account. This must be collected before filling in the details. Now select the transfer mode to NEFT from the pull-down menu. Next, type the amount, it must not exceed Rs 5000. Select the Purpose
  • Confirm all your keyboarded information and tick the small box, which has the line, “I accept the terms and conditions”. After pressing submit, the next page will contain all the information you entered just check it and click confirm.
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  • On clicking “confirm “, you will receive an OTP in your mobile number that you have registered with the bank account.
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  • Now, you will see that the page for entering the OTP is on your screen, put the OTP. It is a High-Security Password. If you do not receive the OTP as SMS then you have a button on this page to resend it. Enter the password and confirm it.
  • You will see a message that the transaction has been successful. You will also find a reference number, which you need to note down in your notepad. It may come handy in the future.
SBI Quick Transfer Time, Charges The maximum time for the amount to be credited to the receiver is one or two minutes. For SBI quick transfer charges NEFT charges are applicable.
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70 comments

  1. Hi, this weekend is nice in support of me, since this occasion i am reading this enormous educational paragraph here at my home.

    1. not possible to transfer more than 5000 rupees. maximum limit is 5000.
      you can transfer 5000, 5000, 5000 at a time.

    2. We can’t increase the limit individually. It is the maximum limit set by SBI and has to be increased by SBI only in future.

  2. I send money only Rs 50 through sbi quick transfer,but bank had debited my A/C Rs 6.25 as charges. What’s it?

  3. I have done transaction from sbi to sbh by selecting interbank..please help what to do now. Money was not credited in my sbh account.

  4. I am staying in saudi arabia and i want to change my registered mobile no. indian mob. NO. To saudi mobile no.
    Is it possible?
    Plz mention

  5. My money is deducted through quick transfer but the benificiary did not recive the money can anyone help me to recover my money

  6. Sir,
    I have sent Rs 3250 to my friends andhra bank account number, bt in IFSC code i have pressed Axis bank, What will happen, Please explain

  7. After confirming I didn’t get any otp.but the transfer is successful..is it possible? My acc is deducted by 2k already..so the receiver must ve received?

  8. Hi sir I am done Quick transfer to other bank account and select option as IMPS but amount is not credited to other bank account
    Can u please tell now what to do

  9. Hi after using Quick Transfer, I did not receive any OTP, but received Transaction reference number .
    is it possible?
    does receiver receive the amount?

  10. Sir i was sent money through NEFT to other account but its have been one day the money will not received what i will do.

  11. unfortunately i entered account number wrong. and 5k was deducted from account. but niether credited in another acount nor in my account.

  12. DID quick transfer between SBI acccounts using mobile anywhere banking. Later found out that Commission has been taken for these transcations. Between SBI charges are free or not.

  13. I have transferd 1000 rupeese with quick transfer its have passed 24 hours but benificiary didnt receive money what could o do now pls tell

  14. Transferred 2k via quick transfer to an SBI account from my SBH account …

    It’s not yet received in SBI account ., ,may i know the delivery time for this

  15. Mistekaly i have sent quick transfer of more than 5000, transaction has succeed but after 12 hours it has not been transfeered to other account. Money has been deducted from my account. Can anybody help me??

  16. I have transfered 4000 to bank of India by SBI quick transfer before 2 hr ago. But still it is not credited. Please suggest

  17. I Have transferred a sum of rs.10000/- erroneously. the amt neither credit in beneficiary account nor refund. what is the solution?

  18. I Have transferred a sum of rs.9300 sbi quick neft transfer after confirming I didn’t get any otp.but the transfer is successful..is it possible? My acc is deducted by the amount already..will the receiver vl receive the amount

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