Inter Bank Transfer is an uncommon administration that permits you to exchange supports electronically to accounts in different banks in India through:

NEFT - The acronym "NEFT" remains for National Electronic Funds Transfer. Assets are exchanged to the acknowledge represent the other taking an interest Bank utilizing RBI's NEFT administration. RBI goes about as the administration supplier and exchanges the credit to the next financial balances.

RTGS –The acronym "RTGS" remains for Real Time Gross Settlement. The RTGS framework encourages exchange of assets from records in one bank to another on a "constant" and on "gross settlement" premise. The RTGS framework is the speediest conceivable entomb bank cash exchange office accessible through secure saving money directs in India.

The IFSC Code for the State Bank of Hyderabad of the head office is SBHY0021061.

Minimum / maximum amount for RTGS /NEFT transactions under Retail Internet Banking

Type Minimum Maximum
RTGS Rs. 2 Lakhs Rs. 5 Lakhs
NEFT - Rs. 5 Lakhs

the minimum / maximum amount for RTGS /NEFT transactions under Corporate Internet Banking

Type Minimum Maximum
RTGS Rs. 2 Lakhs No Limit
NEFT - No Limit

Does the beneficiary get the credit for a RTGS payment?
Under normal circumstances the beneficiary bank's branch receives the money in real time as soon as funds are transferred by the remitting bank.

Address:

State Bank of Hyderabad
Head Office,
Abids,
Gunfoundry
Hyderabad
Contact: 040-24036911