How to Transfer ₹50,000 in SBI Without Adding a Beneficiary Using Quick Transfer

Learn how to transfer ₹50,000 in SBI without adding a beneficiary using the Quick Transfer feature in the YONO app with MPIN or OTP authorization.

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To transfer ₹50,000 in SBI without adding a beneficiary, use the Quick Transfer feature in the YONO app. Navigate to 'Quick Transfer', enter the amount, recipient account details, and authorize the transaction using your MPIN or OTP.

FAQs & Answers

  1. Can I transfer more than ₹50,000 in SBI without adding a beneficiary? Typically, the Quick Transfer feature in SBI's YONO app allows transfers up to ₹50,000 without adding a beneficiary. For higher amounts, you may need to add the recipient as a beneficiary.
  2. What is the Quick Transfer feature in SBI YONO app? Quick Transfer is a feature in the SBI YONO app that lets you transfer funds instantly to a recipient account without the need to add them as a beneficiary, using minimal information and quick authorization.
  3. How do I authorize a Quick Transfer in SBI YONO? You can authorize a Quick Transfer in the SBI YONO app by entering your MPIN or an OTP sent to your registered mobile number.

Watch More

Explore more about SBI's digital banking services to maximize your banking convenience. Check out tutorials on adding beneficiaries, understanding transfer limits, and safe online banking practices for a seamless financial experience.

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