State bank of india ATM

1. SALIENT FEATURESnnA customer can instantly transfer rupee funds to anybody anywhere anytime.nnOnly the beneficiary’s mobile number, name and address are required to be known to the sender.nnThe registration of the beneficiary by the sender is carried out by the system. Hence, the sender need not provide the name and address for recurring payments.nnThe beneficiary can withdraw money from select State Bank Group ATMs to begin with without using a Debit Card.nnAn IMT once created cannot be cancelled.nnThe beneficiary has to withdraw the whole amount in a single transaction, i.e. no partial withdrawals are allowed, at present.nn2. BENEFICIARY REGISTRATION & DE-REGISTRATIONnnIMT can be created through Internet banking for that first you have add IMT beneficiary under Profile section-> Manage beneficiary-> IMT beneficiary.nnA newly added beneficiary, if approved by you between 6:00 AM to 8:00 PM IST will be activated on the same day within 4 hours. Beneficiary approved beyond this period will be activated on the next day after 8:00 AM IST.nnOnce the added beneficiary activated you can initiate the IMT creation.nn3. THRESHOLD LIMITSnnThere is a minimum transaction limit of Rs. 100/- and multiples of Rs. 100/- thereafter.nnA maximum of Rs. 10,000 per transaction subject to the monthly cap of Rs. 25,000 per month per beneficiary will be applied automatically by the system.nnThe maximum amount per sender in a calendar month is Rs.50,000/- and there is a maximum number of 10 beneficiaries per sender.