SBI NEFT transfer can be done both online and by visiting the bank. Let us now see how much time NEFT Transfer takes in SBI.
SBI NEFT Transfers Online
SBI NEFT transfers online are available 24x7x365. Batches are scheduled at intervals of half an hour. So, if you request for a transaction at 10:02 am, it will be processed by 10:30 am. Likewise, if you place a transaction at 10:27 am, then your transaction will be processed usually by 10:30 am. Thus funds get credited to the receiver’s account within 30 minutes. However, in some scenarios, it may take about 2 hours for the money to get credited.
SBI NEFT Transfers by Visiting the Bank
If you want to visit the bank and carry out the NEFT transfer, then you can do so during the working hours of the branch. NEFT transactions through the bank are also not available on the 2nd and 4th Saturdays, Sundays, and all SBI Bank holidays 2024.