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    Quick Transfer Terms of Service (Terms & Conditions)

    Uploaded by

    Parnav Kumar
    The document outlines the terms of service for Quick Transfer, a facility that allows SBI users to send small value transfers to beneficiaries without registering them. There are two options for transfers - IMPS and NEFT. IMPS transfers funds instantly 24/7, while NEFT transfers take up to one business day. Transaction limits are Rs. 10,000 per transaction and Rs. 25,000 per day. Service charges may apply depending on the recipient bank and transfer amount. Users are responsible for ensuring correct beneficiary details and the bank is not liable for incorrect transfers.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Quick Transfer Terms of Service (Terms & Conditions)

    Uploaded by

    Parnav Kumar
    34 views2 pages
    The document outlines the terms of service for Quick Transfer, a facility that allows SBI users to send small value transfers to beneficiaries without registering them. There are two options for transfers - IMPS and NEFT. IMPS transfers funds instantly 24/7, while NEFT transfers take up to one business day. Transaction limits are Rs. 10,000 per transaction and Rs. 25,000 per day. Service charges may apply depending on the recipient bank and transfer amount. Users are responsible for ensuring correct beneficiary details and the bank is not liable for incorrect transfers.

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    Quick term

    Original Title

    Quick Terms

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    The document outlines the terms of service for Quick Transfer, a facility that allows SBI users to send small value transfers to beneficiaries without registering them. There are two options for transfers - IMPS and NEFT. IMPS transfers funds instantly 24/7, while NEFT transfers take up to one business day. Transaction limits are Rs. 10,000 per transaction and Rs. 25,000 per day. Service charges may apply depending on the recipient bank and transfer amount. Users are responsible for ensuring correct beneficiary details and the bank is not liable for incorrect transfers.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    34 views2 pages

    Quick Transfer Terms of Service (Terms & Conditions)

    Uploaded by

    Parnav Kumar
    The document outlines the terms of service for Quick Transfer, a facility that allows SBI users to send small value transfers to beneficiaries without registering them. There are two options for transfers - IMPS and NEFT. IMPS transfers funds instantly 24/7, while NEFT transfers take up to one business day. Transaction limits are Rs. 10,000 per transaction and Rs. 25,000 per day. Service charges may apply depending on the recipient bank and transfer amount. Users are responsible for ensuring correct beneficiary details and the bank is not liable for incorrect transfers.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Quick Transfer Terms of Service (Terms & Conditions)

     The "Quick Transfer" facility enables INB / SBI Anywhere App users to send small
    value remittances to Beneficiaries without registering them.
     Remitter can send funds to both Intra and Inter Bank beneficiary.

    Using Onlinesbi.com

     If the beneficiary’s account is maintained with a bank other than SBI, two options viz.
    IMPS and NEFT are available for sending remittance.
     If mode of transfer chosen is NEFT, Transaction will be processed maximum within
    next working day depending on NEFT settlement time.
     Quick Transfer facility using IMPS mode will remit funds instantly and is available
    24*7*365.
     Auto refund for the failed IMPS or NEFT transaction will be credited to customers’
    account on next working day.
     Transaction limit: Rs. 10,000/- per day and per transaction limit
     No Service charge is being levied if the beneficiary’s account is maintained with SBI.
    Following Service charges are levied if the beneficiary’s account is maintained with a
    Bank other than SBI;

    Mode Service Charge


    NEFT Re 1/-+Goods and Service Tax
    Upto Rs 1,000 NIL
    IMPS
    Rs 1,001 to Rs 10,000 Rs 5/-+Goods and Service Tax

     Please note that while the service charges for NEFT mode will be recovered in
    addition to the remittance amount, the service charges for IMPS mode will be
    recovered separately from your debit account.

    Using SBI Anywhere Apps:

     Users can transfer funds only using IMPS service available 24*7*365
     Quick Transfer in Mobile Banking will remit funds instantly.
     Auto refund for the failed IMPS transaction will be credited to customers account on
    next working day.
     Transaction limit: Rs. 10,000/- per transaction and Rs. 25,000/- per day.
     Following Service charges are levied for Quick transfer service through SBI
    Anywhere Apps:

    Mode Service Charge


    Upto Rs 1,000 NIL
    IMPS
    Rs 1,001 to Rs 10,000 Rs 5/-+Goods and Service Tax
    Terms of Usage of Quick Transfer service:

     User can transfer funds to the Beneficiary without having requiring to register the
    Beneficiary
     User need to enter Beneficiary account number twice, of which one will be masked, to
    ensure that customer enters correct data.
     Every transaction will be approved only once the user provides OTP which will be
    sent on users registered mobile number and e-mail, wherever applicable.

    Customer will solely be responsible for correctness of the beneficiary credentials entered and
    Bank will bear no liability in case of incorrect data entered.

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