SBI Instant Money Transfer Service: How To Send Money To Anyone Through SBI Debt Card ndtv.com

SBI or State Bank of India offers a range of online services through its internet banking portal, onlineSBI.com. One such facility, the Instant Money Transfer or IMT service, enables users to make electronic instant transfers of funds to other individuals. State Bank of India's IMT service enables a remitter – holding an SBI debit card – to instantly transfer funds in rupees to another individual by providing details such as mobile number, name and address of the recipient, according to the SBI internet banking portal (onlineSBI.com). This online service, provided by the country's largest bank SBI, supports transfers of a minimum Rs. 100 and in its multiples up to Rs. 10,000 per transaction, according to the SBI internet banking website.