This framework is regulated solely by the Reserve Bank of India. RTGS real-time fund transfer system enables a bank customer to transfer funds to their account to a beneficiary account within the same bank branch or an RTGS enabled bank within India. Follow steps 5-10 as stated above for the rest of the transactions. If you want to undertake NEFT transfer for an SBI beneficiary account, then under Step 4 select “Within SBI”.
After checking all particulars, click ‘Confirm’. Select terms and conditions, key in transaction password and select the ‘Submit’ option. Select beneficiary account number and select ‘Select a schedule option’ for selecting the time of transfer of funds (3 options are available: ‘Pay Now, ‘Schedule Later’, or ‘Standing Instruction’). Key in the beneficiary details correctly like name, account type etc. For fund transfer outside SBI, select the ‘Inter-Bank Beneficiary’ tab, select ‘NEFT’, and select the ‘Proceed’ tab. Two fund transfer options available: Within SBI and Outside SBI. Login on State Bank of India internet banking portal with username and password. SBI customers can get the benefit of NEFT transfer by visiting the bank branch, internet banking, YONO app or mobile banking. 
NEFT facility at SBI can also be used for your credit card bills. NEFT is an electronic payment fund transfer controlled by the Reserve Bank of India to transfer funds easily from one bank account to another.
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