Access your money with utmost convenience

You can transfer money from your SBM Bank Account via IMPS, NEFT, RTGS or Internal Fund Transfer. To transfer money, you need to first add beneficiary.

If beneficiary account is with SBM Bank,
Go to Menu > Select Transfer > Add beneficiary > Own bank > Beneficiary Nick Name > Account Number > Confirm Account Number > Proceed

If beneficiary account is with other Banks,
Go to Menu > Select Transfer > Add beneficiary > Other Bank > Beneficiary Nick Name > Account Number > Confirm Account Number > IFSC Code > Proceed > OTP will be triggered to registered mobile number > Validate with OTP > Proceed

To make Fund Transfer after adding beneficiary,
Quick Link > Fund Transfer > Own Bank/ Other Bank > Select beneficiary > Enter amount > Enter remarks > Proceed > OTP will be triggered to registered mobile number > Validate with OTP > Proceed

NEFT (National Electronic Funds Transfer):
Minimum and Maximum Limit: NEFT has no minimum or maximum limit on the amount that can be transferred. You can send any amount using NEFT.
Processing Time: NEFT transactions typically take around 2 hours to be processed. The funds are settled in batches during specific time slots throughout the day.

RTGS (Real-Time Gross Settlement):
Minimum Amount: RTGS transactions can only be performed if the amount to be transferred is equal to or more than Rs. 2 lakhs.
Processing Time: RTGS transactions are instantaneous. Once initiated, the funds are transferred in real-time without any delay.

Both NEFT and RTGS are widely used for interbank fund transfers, but their key differences lie in the transaction limits and processing times. Choose the appropriate method based on your specific requirements.

If you use IMPS or UPI to transfer money to another account, then the transfer happens instantly.
NEFT fund transfers can take up to 2-3 hours, and RTGS transactions can take up to 30 mins.

If you find that the amount has been debited from your SBM Bank account after an online fund transfer but has not been received by the beneficiary, as per the above TAT, please share the following details with us:
Transaction details (Date of Transaction, Amount transferred, Mode of Payment, RRN Number), and Account Number from where the transfer was made.

You can place the above request:
At the nearest SBM Bank branch or by sending an email from your registered email ID to customercare@sbmbank.co.in

Request Completion Time (TAT):
10 days from the day of request raised

Maximum ATM Withdrawal Amount:
You can withdraw a maximum of Rs. 20,000 per day from the ATM.

ATM Transaction Limit:
For security reasons, more than 4 ATM transactions on the same day are not allowed.

In such as case, please share with us the following details:
Transaction details (Date of Transaction, Amount your attempted to transfer, Mode of Payment, RRN Number), and Account Number from where the transfer was made, and Error Screenshot

You can place the above request:
At the nearest SBM Bank branch or by sending an email from your registered email ID to customercare@sbmbank.co.in

Request Completion Time (TAT):
10 days from the day the request is raised

In such a case, please share with us the following details:
Transaction details (Date of Transaction, Amount transferred, Mode of Payment, RRN Number), and Account Number from where the transfer was made, and Account Number to which the money has been transferred

You can place the above request:
At the nearest SBM Bank branch or by sending an email from your registered email ID to customercare@sbmbank.co.in

Request Completion Time (TAT):
10 days from the day the request is raised