The SBBJ bank is provide facility of Bank Transfer enables electronic transfer of funds from the account of the remitter in one Bank to the account of the beneficiary maintained with any other Bank branch.

There are two systems of Inter Bank Transfer - RTGS and NEFT. Both these systems are maintained by Reserve Bank of India.

Inter Branch Transfer:

Funds Transfer
Customers can now transfer upto Rs.5 lakh per day to your own accounts at other Internet enabled branches.

Third party Transfer
Customers can now transfer upto Rs.5 lakh per day to third party accounts at other Internet enabled branches.

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

Type Minimum Maximum
RTGS Rs. 2 Lakhs Rs. 5 Lakhs
NEFT No Limit Rs. 5 Lakhs

Minimum/maximum amount for RTGS/NEFT transactions for Corporate Internet Banking:

Type Minimum Maximum
RTGS Rs.2 Lakhs Rs.50 lakhs for Vyapaar and
Rs.500 crores for Vistaar
NEFT No Minimum Rs.50 lakhs for Vyapaar and
Rs.500 crores for Vistaar

Time during the day/week the RTGS & NEFT services:
RTGS transactions are sent to RBI as per the following schedule:

Day Start Time End Time
Monday to Working Saturday 8:00 hrs 16:00 hrs

NEFT transactions will be sent to RBI based on the following schedule:

Day Start Time End Time
Monday to Working Saturday 7:00 hrs 18:30 hrs

RTGS/NEFT remittance the remitter has to furnish the following information:

Amount to be remitted.
Remitting customer's account number which is to be debited
Name of the beneficiary bank
Name of the beneficiary
Account number of the beneficiary.
Sender to receiver information, if any
IFSC code of the destination bank branch