How do you transfer online more than 2 lac money from your SBI account to another bank account?

For this, you have 2 options, which enable you to send more than 2 lac amount online to any other bank account from your sbi account.

Those 2 options are: –




  1. NEFT (National Electronic Fund transfer)
  2. RTGS (Real Time gross settlement)

Using above 2 transfer mode, you can transfer money to any bank account maximum amount 10 lac.

Today I am going to tell you  how you can send more than 2 lakh amount online from your SBI account to any other bank account.

Online Transfer More than 2 lac from SBI to Other Bank

Let me tell you, using IMPS you can transfer only maximum 2 lac so is is not best option to send higher amount.

You can transfer more than 2 lac through NEFT & RTGS, let’s see how?




1. Add Beneficiary

To transfer money online, you need to add Beneficiary first, which means you need to approve beneficiary person’s account details.

To add beneficiary, first have to login in SBI Internet banking.

After logging in, you have to click the Profile tab.

sbi to sbi money transfer through net banking

  • In the Profile tab, you have to click Manage beneficiary, next screen you will be asked for profile password.

In the manage beneficiary you have to click Inter-Bank Beneficiary.




sbi ad interbank beenficiary

Now you have to add Inter-Bank Beneficiary account details.

  • First of all enter the person’s name
  • Now type his/her account number, type it again to confirm
  • In transfer limit you need to add fund transfer limit, if you are transferring higher amount then enter maximum limit.
  • Now enter the IFSC code

After entering the details of the person’s account, click on submit.

In the next screen we will have to approve this Beneficiary. Click on Approve Now

sbi to sbi money transfer through net banking

In the next screen, click on Approve beneficiary

sbi to sbi money transfer through net banking

To approve beneficiary you have 2 options (1) Through ATM (2) Through OTP

SBI add beneficiary online

  • Here you have to select through the OTP option. Your mobile number now receive OTP password that will be entered in the next screen.

Now, in the next screen select Beneficiary account, enter the high security password which has been sent to your mobile number, click on submit.

sbi to sbi money transfer through net banking

You have added the beneficiary account successfully. This beneficiary will be activated within 4 hours, after activation you can transfer money to his/her account.

After 4 hours, your added beneficiary will become activate, and now we are ready to send money to him.

Let’s send .

2. Send Money

As I told you that you can send more than 2 lakhs through NEFT & RTGS, let us send using thsese transfer modes.

Send more than 2 lakhs via NEFT

When you send money to someone via NEFT, it will take 4 hours to credit beneficiary’s account. If you send money on holidays, your money will be credited to his/her account in the next working day.

If you are an SBI normal customer, then NEFT is best option for online money transfer.

To send more than 2 lakh through NEFT from your SBI account to another bank account online, first log in to SBI Netbanking

After logging in, you have to click on Payments / Transfers.

sbi inter bank transfer

  • In the payments / transfers, you have to click Inter-bank beneficiary.

Now in the next screen you will be given 3 options (1) IMPS (2) RTGS (3) NEFT

sbi neft transfer

  • Here you have to choose NEFT.

Now in the next screen you have to select your account, enter the amount which you want to transfer, select beneficiary that you have added and click on submit.

sbi neft fund transfer

In the next screen you have to confirm your transaction so click confirm

sbi neft transfer

You will now receive an OTP password on the registered Mobile Number which you have to enter in the next screen.

Done! You have successfully transferred Money to beneficiary account, it will be credited within 4 hours.

Send more than 2 lakhs via RTGS

RTGS mean real time gross settlement that mean your transferred money will be credited to beneficiary’s account in real time (within second).

RTGS is using by companies, business firm where higher amount transact daily.

In RTGS you can send minimum 2 lakh and maximum 10 lakh amount. Below 2 lac, you can’t use RTGS.

Ok, so let’s transfer more than 2 lac via RTGS.

First, login to SBI netbanking and click on Payments / Transfers

  • In the payments / transfers, you have to click Inter-Bank Beneficiary.

Now in the next screen you will get 3 transfer mode options (1) IMPS (2) RTGS (3) NEFT

sbi rtgs transfer

  • Here you have to select RTGS.

In the next screen you have to select your account, enter the amount, select High in the Instruction priority, select any appropriate option in the Purpose code, select the beneficiary account and click on Pay now.

sbi rtgs transfer

Now confirm the transaction by clicking on Confirm in the next screen

Yo will receive an OTP password on your mobile number that you need to enter in the next screen in the high security password.

Done! You have successfully sent money to the beneficiary’s account using RTGS, which will be credited immediately in his/her account.

So in this way you can transfer more than 2 lakh online money from your SBI Account to another bank’s account. If Amount is less than 2 lakh then you can select IMPS option, for that you have to add IMPS beneficiary.