YONO SBI Money Transfer Limit:- What is the maximum amount that can be transferred through YONO SBI in one transaction? What is the daily money transfer limit for YONO SBI? What are the transaction limits on the SBI YONO app?
SBI YONO Money Transfer Limit
Contents
YONO (You only need one) is an innovative offering from SBI Bank, enabling users to conduct various transactions via their smartphones. Beyond banking, SBI YONO facilitates tasks like booking travel tickets, paying medical bills, and shopping online, making it a versatile platform accessible to all SBI customers. Available on both Android and iOS devices, SBI YONO ensures equal access for all users.
SBI Bank’s YONO spans over 100 e-commerce platforms, cementing its status as a premier transaction service. Users can transfer significant sums through RTGS, NEFT, and IMPS using the YONO app. However, there are daily transaction limits in place, prompting users to stay informed about their respective limits to prevent any inconvenience.
YONO SBI Money Transfer Overview
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| Year | 2024 |
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Services Offered on YONO SBI
YONO app offers a range of banking services including:
- Account opening
- Money transfers
- Booking for trains, buses, and flights
- Online shopping
- Payment of utility bills
- Loan requests and repayments
- Access to ATM services via the app
- Booking movie tickets
- Investment opportunities
YONO SBI Transfer Limits
SBI Bank provides various transfer options through the YONO app, each with its own set of limitations and advantages, facilitating convenient fund transfers without the need to visit a bank branch.
- RTGS: RTGS service enables large transfers, with a daily limit of Rs. 10 lakhs, allowing users to transfer funds anytime, anywhere.
- NEFT: NEFT functionality on SBI YONO supports transfers up to INR 10 lakhs per day, facilitating efficient transactions for sizable amounts.
- IMPS: IMPS platform offers a reliable option for smaller transfers, allowing users to send up to INR 2 lakhs per day via the YONO application.
- Quick Transfer IMPS: Quick Transfer IMPS allows transfers of up to INR 25,000 within a 24-hour period.
- mCash: mCash service imposes the lowest transfer limit, with a maximum of INR 1101 per transaction and a daily limit of INR 2202. Transactions exceeding INR 5101 are restricted by the bank.
- UPI: YONO enables SBI users to leverage UPI for transfers, with a maximum limit of RS. 1 lakh per transaction daily, aligning with the evolving landscape of banking and technology.
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SBI YONO Money Transfer Limit Per Day 2024
Daily Transaction Limits for Various Transactions (SBI YONO Transfer Limits):
| Transaction | Per Day Limit (in Rs.) | Overall Daily Limit (in Rs.) | EasyPIN overall category limit | EasyPIN Limits (Individual overall daily limits) | Charges (in Rs.) |
| Transfer within Self Accounts | 2,00,00,000 | 2,00,00,000 | 2,00,00,000 | 2,00,00,000 | Nil |
| Fixed / Recurring Deposit | 99,99,999 | 99,99,999 | Nil | – | |
| Third Party Transfer within SBI | 10,00,000 | 10,00,000 | 10,00,000 | 10,00,000 | Nil |
| Interbank Transfer – NEFT | 10,00,000 | 10,00,000 | Nil | – | |
| Interbank Transfer – RTGS | 10,00,000 | 10,00,000 | Nil | – | |
| IMPS | Per Txn Limit 5,00,000 | Overall Daily Limit 5,00,000 | Per Txn Limit 5,00,000 | Nil | |
| Quick Transfer | Per Txn Limit 50,000 | Per Day Limit 50,000 | Per Txn Limit 50,000 | Per Day Limit 50,000 | Nil |
| Credit Card VISATransfer | 1,00,000 | 1,00,000 | – | – | Rs. 15 Per transaction + Tax |
| mCash | 1,101 – Per Transaction | 2,202 – Per Day | 5,101 – Per Month | 1,101 – Per Transaction | Rs. 2.50 Per transaction + Tax |
| UPI | Daily transaction limit of Rs 1,00,000 | Daily transaction limit of Rs 1,00,000 | Nil | – | |
| Merchant and Bill Payment | Bill Payments 5,00,000 | 5,00,000 | 5,00,000 | 5,00,000 | Nil |
| Mobile Top Up | Per Txn Limit 10,000 | Overall Daily Limit 50,000 | Per Txn Limit 10000 | Overall daily limit 50000 | Nil |
| Top up of Buddy | – | Overall daily limit 50000 | – | – | |
| SB Prepaid Cards | 50,000 | 50,000 | Nil | – | |
| DTH Recharge | 50,000 | 50,000 | Nil | – | |
| Postpaid bill payment | 50,000 | 50,000 | Nil | – | |
| IMPS Merchant Payments | Overall Daily Limit 1,00,000 | Nil | Nil | – | |
| Merchant Payments | – | – | – | – | |
| SBI Life Premium | 50,000 | 50,000 | Nil | – | |
| Transaction Limit for a newly added Beneficiary (First 4 days) | 1,00,000 | 1,00,000 | 1,00,000 | 1,00,000 |
Downloading SBI YONO APP
Follow these steps to download the SBI YONO app and access its services:
- Open the Google Play Store or App Store on your device.
- Search for the YONO app and select the install option.
- Click the download/install button to install the app on your device.
- Once installed, open the app to take a look:
- Financial products
- Shopping deals
- Opening a new digital account
Sending Money from YONO SBI APP
Here’s how to send money using the YONO app:
- Launch the SBI YONO app on your device.
- Log in using your credentials to access the app.
- Select the “fund transfer” option from the menu.
- Choose the beneficiary you want to send funds to.
- Enter the amount you wish to transfer and provide your MPIN for verification.
- Review the details and submit the transaction.
Conclusion
In conclusion, SBI YONO offers a wide range of transaction services with varying limits to cater to different user needs. From self-account transfers to bill payments and mobile top-ups, users can conveniently manage their finances through the app. It’s essential for users to be aware of the specific limits associated with each transaction type to ensure smooth and hassle-free banking experiences. Additionally, the flexibility and accessibility provided by SBI YONO underscore its significance in modern banking, empowering users to conduct transactions conveniently and securely from their smartphones.
FAQ’s
What is the limit of Yono to Yono transfer?
Each Quick Transfer transaction through the Yono Lite application has a limit of Rs. 50,000/-, with a daily limit of Rs. 50,000/-. No service charges apply for this service. Users can transfer funds to beneficiaries without the need to register their details beforehand, in accordance with the Terms of Usage for Quick Transfer service.
How to increase Yono transfer limit?
Accessing UPI Transfer on YONO Lite: Launch the YONO Lite app on your smartphone and sign in using your User ID, password, or M-pin. Enter your profile password and set the transfer limit as per your preference. Confirm the transaction details and verify your identity. Receive and input the OTP (One-Time Password) sent to your registered mobile number. Once verified, the transaction will be completed successfully, and you may receive a confirmation message. Don't forget to set a reminder for future transactions.
Can I transfer 2 lakh through Yono?
Unfortunately, it's not possible to transfer 2 lakhs to another account via Yono SBI Quick Transfer. The maximum limit for Quick Transfer is 25,000 rupees. If you require transferring amounts exceeding 25,000 rupees, you have the option to utilize RTGS or NEFT services.
What is cooling period in SBI Yono?
For instance, in SBI bank accounts, there's a cooling period of 4 days from the approval time. Within this cooling period, you can transfer up to Rs. 5 lakhs to the recipient. Once this cooling period concludes, you'll regain the ability to transfer up to the maximum limit.
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