Single User - Sole-Proprietor
This type of onboarding is suitable for corporates who prefer Single User with following features:
# | Type of Transaction | Transaction limit per day (Rs) |
---|---|---|
1 | Fund Transfer to own accounts in same branch of SBI | 2 Crore |
2 | Fund Transfer to own accounts in different branches of SBI | |
3 | Fund Transfer to accounts other than own accounts in SBI | Consolidated limit of Rs.10 Lacs per day |
4 | Fund Transfer to accounts in other Banks (through RTGS/NEFT) | |
5 | Merchant Payments | |
6 | Request for Draft issue | Consolidated limit of Rs.5 Lacs per day |
7 | Bill payments | |
8 | Tax Payments-Central and State Governments | Consolidated limit of Rs.2 Crores per day |
9 | Payments to Govt. and semi-Govt. institutions | |
10 | Statutory dues such as EPF | |
11 | Payment to registered suppliers | 25.00 Lacs |
12 | State Bank Collect payments | 10.00 Lacs |
13 | Participation in e-auctions of Govt. Departments | 1.00 Crore |