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RBI’s Electronic Funds Transfer (EFT) system facilitates
inter-bank and intra-bank fund transfers among our 15 notified
centers. EFT transfers are soon coming to replace demand drafts
because they are faster, less expensive, and more secure.
SBH levies nominal service charges for such transfers. The
funds are transferred to the beneficiary’s account either
on the same day or on the next working day.
You can transfer a maximum of Rs.2 crore in a single transaction.
To make an EFT transfer, you need to fill up and submit an
EFT request form. You can submit the form either online or
at the branch where you hold an account.
Provide the following information in the EFT form:
• The name of the beneficiary
• The name of your bank and branch name
• Your account number
• The amount to be remitted
SBH offers the EFT service at the following centers: Mumbai,
Chennai, Kolkata, New Delhi, Ahmedabad, Bangalore, Bhubaneshwar,
Chandigarh, Guwahati, Hyderabad, Jaipur, Kanpur, Nagpur, Patna,
and Thiruvananthapuram.
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