How to change beneficiary limit in SBI Net Banking?

 

            We know that to transfer funds from SBI account using internet Banking we need to add the beneficiary to beneficiary list before transfer amount. Once we add the beneficiary to SBI account we can transfer money thereafter easily on a few clicks. You need not add beneficiary again to transfer money again and again. While we add the beneficiary to SBI internet banking we also set limit of transferring money. When we transfer fund to that beneficiary we can’t transfer exceed the limit. Hence to transfer amount exceed the limit we need to increase the limit of that beneficiary. While increasing the beneficiary limit we need not delete the beneficiary. We will just update the beneficiary limit.

          How to change beneficiary limit in SBI Net Banking: If you are a SBI customer and you are using SBI internet banking then you can change beneficiary limit. To know how to increase transfer limit in SBI you have to follow the following steps. Here is the step by step process of ‘how to increase transaction limit in SBI net banking.

          STEP 1: Go to SBI internet banking login page and login with your user Id and password. Now you are in the internet banking home page. Here you will find an option ‘My Accounts and Profile’ click on it. Under this option 'My Accounts and Profile' you will have another option 'Profile', Click on it.

          STEP 2: In this page some more options will be appeared. Here you will see an option ‘Add and manage beneficiary’, click on it. In the next page you are asked to enter your profile password.  Enter the profile password and click on ‘Submit’.

          STEP 3: In this step you will be redirected to ‘Add and manage beneficiary’ page. Here you will find various options. If your beneficiary for which you wish to change the transfer limit is within SBI then click on the option ‘SBI Beneficiary (SBI Account holder) and if your account is within other bank like ICICI, Central Bank, HDFC etc. then click on the option ‘Other Bank Beneficiary (Account holder of other banks)’. If your beneficiary is other than above mentioned options click on that particular option from the list.

          STEP 4: After click on the beneficiary type on the above step you will see the options Add, Modify, Delete, View, Approve options on the upper bar of the page. Click on the option ‘Modify’ here.

          STEP 5: After clicking on the option ‘Modify’ the list of beneficiaries will appear under the selected category. Select the beneficiary for which you wish to change the beneficiary limit and click on ‘Go’.

          STEP 6: Now another form will open under the beneficiaries list. You can update the beneficiary name and transfer limit by clicking on the ‘Change’ button against the transfer limit. Click on the ‘change’ option and enter the new limit. Finally click on ‘Modify’.

          STEP 7: Now a massage will appear it says that the limit for selected beneficiary is updated.

          This is the process how to change beneficiary limit in SBI net Banking. This process also described on the following video. If you want to know the process in video format then watch the following video.