State Bank Group Transfer is a special service that allows you to transfer funds among all branches of State Bank Group.

There is no minimum/maximum amount for State Bank Group Transfer.

Under normal circumstances the beneficiary bank's branch receives the funds in real time as soon as funds are transferred by the remitting bank.

Yes. If the money cannot be credited for any reason, the beneficiary's bank has to return the money to the remitting bank. Once this amount is received back by the remitting bank, the amount is credited to the Remitter's account by the remitting bank branch.

State Bank Group Transfer transactions will be processed based on the following schedule:

Please note that all the above timings are based on Indian Standard Time (IST) only.

The Remitter has to provide the following details:

1. Amount to be remitted
2. Account number which is to be debited
3. Name of the beneficiary bank
4. Name of the beneficiary
5. Account number of the beneficiary
6. Address of the beneficiary
7. Remarks or description, if any
8. The IFSC code of the beneficiary branch

You can find the IFSC code through a simple search operation– by Location, Bank & Branch. The IFSC code will automatically be populated in the beneficiary addition form. If you know the IFSC code of the beneficiary bank, you can provide it directly.

No. State Bank Group Transfer facility is enabled only in State Bank Group branches across India.

No charges for State Bank Group Transfer transactions.

1. You should be an active Internet Banking user with transaction rights.
2. Log on to https://www.onlinesbi.sbi/corporate/sbi_home.html by using your Internet Banking ID and Password.
3. Click on the ‘Manage Beneficiary’ link in the ‘Profile’ tab.
4. Select ‘State Bank Group Beneficiary’.
5. Select the ‘Add’ option
6. To register the beneficiary, provide the Beneficiary Name, Beneficiary Account Number, Beneficiary Bank, Beneficiary Address and funds transfer limit.
7. You can provide the IFSC code of the Beneficiary's bank in two ways:
   
   1. If you know the IFSC code of the beneficiary branch, click the IFSC Code option. A textbox is displayed where you can enter the 11 digit IFSC Code of the Beneficiary Bank.
   2. If you do not know the IFSC code, click the Location option, the interface displays the following form elements.
      
      1. Beneficiary Bank Name – Dropdown Menu
      2. Location – Dropdown Menu
      3. Branch – Dropdown Menu
   3. Enter the IFSC code or select the bank/location/branch to populate the IFSC code automatically.
8. Select the checkbox in the Terms and Conditions link.
9. The submit button will be enabled only after you accept the terms and conditions.
10. After providing all the details, the beneficiary will be added.
11. You will receive a high security password in your mobile number. This is done basically to double check your identity. Provide the password to approve the Beneficiary. After a beneficiary is approved you can start transferring funds.
12. You can proceed to make payments by clicking the ‘Inter bank Transfer’ link in the ‘Payments/Transfers’ tab.
13. Select ‘State Bank Group Transfer’.
14. Select the Beneficiary from the list of registered Beneficiaries.
15. Enter the amount and remarks for the transaction.
16. You can either make a payment on the current date, or schedule the transaction for a future date.
17. Please note that a transaction cannot be scheduled later than 90 days from the current date.
18. Also, if the transaction scheduled date is of a State Bank Group Transfer holiday, the same will be scheduled for next transaction date.
19. You can confirm or cancel the transaction.