How Much Money Can Be Transferred Through YONO SBI?

Every SBI customer is aware of YONO. If you are a new customer and you do not know much about this digital banking feature or app of SBI, then I am here to help you out. State Bank of India has a mobile banking app known as you only need one or YONO which provides almost every digital banking feature that you can avail yourself of through Internet banking or by visiting a bank branch. With YONO, you can transfer money using any NEFT or IMPS and even with UPI. But what is crucial is to understand how much money can be transferred through YONO SBI. If you are not aware of it, I will tell you everything about it in detail.

What is needed to use the YONO SBI app for money transfers?

• SBI Internet banking login information.

• To get OTP through SMS, you must have your registered cellphone number with you and have it activated.

• IFSC code, cellphone number, and beneficiary account number

• Beneficiary MID to transfer using the mobile+MMID technique Beneficiary UPI ID.

How much amount can be transferred through YONO SBI?

 

We can send money using a variety of payment methods using the YONO app because we will notice each one's maximum transfer limit in the section that follows:

• With the NEFT- YONO app NEFT mode is restricted to ₹10,00,000 in a 24-hour period.

• Up to 2,00,000 LACS using IMPS.

• Using RTGS, from ₹2,00,000 to ₹10,00,000

• Maximum IMPS quick transfer amount is ₹25,000.

• Mcash costs ₹1101 each transaction, ₹2202 per day, and ₹5101 per month. Taxes and a fee of ₹2.5 per transaction.

• ₹1,00,000 per transaction per day for UPI.

Use NEFT+RTGS+IMPS+UPI+Quick Transfer+mCash, which is equal to ₹(10,000 + 10,000+2,000-1,00,000+25,000+2202) = ₹23,27,202, if you wish to transfer the most money possible in a single day.

How to transfer money from YONO SBI app?

 

Find out how to transfer money using different payment methods now that you are aware of the maximum amount that may be transferred via the YONO SBI app.

• To use this service, log into the SBI Yono app & add the beneficiary for NEFT, IMPS, or RTGS. Once a beneficiary has been added, choose MEF or IMS and input the account information.

• SBI fast transfer: You don't need to add a recipient and allow time for its activation using this approach.

• mCash: This payment method is likewise exempt from the addition of a beneficiary.

• UPI - To transmit money without requiring account information, use any UPI app like Google Pay or PhonePe. You can also utilize the SBI YONO UPI capability.

I hope now you understand how much money can be transferred through YONO SBI.

If I am being honest, I rely a lot on the convenience of digital banking for my daily financial transactions. I am an avid user of the SBI YONO app, which allows me to manage my finances on the go. One day, I had to make a significant purchase and needed to know the SBI YONO transaction limit per day. I checked the app's FAQs and discovered that the daily transaction limit was set at Rs. 10 lakh. Let me tell you what else I found out about it.

Maximum amount transfer through 

The State Bank of India (SBI) YONO (You Only Need One) app provides customers with a convenient and secure platform for various banking transactions. The transaction limit per day on the SBI YONO app may vary depending on the type of transaction. As of my knowledge cutoff in September 2021, the daily transaction limit for fund transfers using the YONO app is generally set at Rs. 10 lakh for individual customers and Rs. 25 lakh for corporate customers. However, it's important to note that these limits are subject to change, and it is advisable to check the latest information on the SBI YONO app or contact the bank directly for the most accurate and up-to-date transaction limits. This is YONO SB SBI YONO app transaction limit.

How to transfer more than 1 lakh in SBI YONO app?

To transfer more than 1 lakh through the SBI YONO app, you can follow these steps:

1. Open the YONO SBI app on your smartphone and log in using your credentials.

2. Navigate to the "Funds Transfer" section within the app.

3. Select the option for "NEFT" or "IMPS" transfer, depending on your preference and the recipient's bank.

4. Enter the recipient's bank account details, including the account number, IFSC code, and the amount you want to transfer.

5. Verify the transaction details and confirm the transfer.

6. If prompted, authenticate the transaction using the provided security measures such as OTP or MPIN.

Can I transfer 2 lakh through YONO SBI?

Yes, you can transfer 2 lakh through YONO SBI. The app allows users to transfer higher amounts subject to certain transaction limits and conditions set by the bank. It is advisable to check the specific transfer limits applicable to your account and ensure you have the necessary funds available for the transfer.

I hope I was able to explain to you the SBI YONO transaction limit per day.

My father trusts only YONO SBI for all his online transactions. I have tried convincing him to use other such platforms as well, but I think it is the amount of faith he has in SBI and its services that his trust doesn’t budge at all. So, now if I have any questions related to YONO, I go to my father and he helps me out. 

One day I asked him about SBI online transaction limit per day and he told me that the transaction limit differs from different kinds of transactions.  Let me tell you what he meant.

SBI online transaction limit per day

Now you know

SBI online transaction limit per day.