State Bank of India (SBI) is the largest government
banking and financial services company in India in terms of revenue and market
capitalization. SBI tag lined as “Banker to every Indian”. SBI provides State
Bank ATM-cum-Debit Card facility through which an SBI account holder can
withdraw cash and do many more stuffs free of charge at over 26,000 ATMs of
State Bank Group within the country. Now there is no need to visit the branch
or login to your Online SBI Account to transfer money to other SBI account
holders. Instead you can use instant SBI Card to Card Transfer facility
provided through SBI ATMs.
How to Transfer Money through SBI
ATM:
If you need to transfer some money
from one SBI account to another SBI account or want to send some money to
relatives, you can do that using SBI ATM. There is no direct option to transfer
money directly to SBI bank account using ATM. Instead, you can use the card
to card transfer facility from SBI ATM. In card to card transfer, the
money in your account gets transferred to account number of beneficiary’s debit
card number of state bank group. As a result, you can say it that card to
card money transfer is as same as transferring money to another bank account.
You will get the receipt of the money transfer from the ATM counter. You can
check your online account statement to verify that the money has been transferred
to the right SBI account (SBI account number of beneficiary Card holder will be
given in the transaction statements.)
Steps for Card to Card Money
Transfer Facility:
To transfer money using State Bank
card to card fund transfer facility, you can follow the following steps:
- Swipe your debit card of State Bank of India.
- Choose Transfer Option (Transfer option could be seen at the right bottom side of the ATM screen after swiping the card.)
- Enter the PIN (After selecting Transfer option you will be asked to enter the ATM Card PIN Number.)
- Choose Card to Card Transfer option (from the various option listed on the screen after entering the PIN.).
- Enter Beneficiary’s Debit Card Number (Enter the 19-digit debit card number of the recipient’s Debit card).
- Enter Again Beneficiary’s Debit Card Number (For confirmation).
- Enter Transferable Amount (Enter the amount of money which you want to transfer, should be <= 15000 rupees).
- Select account type (You will be asked to choose your account type from either Savings or Currents).
- Transaction Completed (Your transaction is completed now and the amount of money is credited instantly to the recipient’s account).
- Collect the printed receipt for future reference.
Things you must have for SBI
Card to Card Transfer
For availing
SBI Debit Card to Debit Card money transfer facility you must have these two: Your
debit card and debit card number of beneficiary.
SBI Card to Card Transfer Limits
At present, limitation for State
Bank of India card to card transfer facility is:
- Per transaction limit- You can transfer a maximum of Rs 15,000/- per transaction.
- Per day limit- A maximum of Rs 30,000/- can be transferred per day from one debit card to another.
- Number of transactions limit- An SBI ATM cardholder can do a maximum of two transactions per day for card to card money transfer.
