How to Manage Your Transaction Limits in SBI YONO
Understanding the transaction limits in your SBI YONO account is crucial for both safety and convenience. The standard daily transaction limit for a personal user on SBI YONO is capped at 10 lacs (1 million Indian Rupees). If you find that this limit causes inconvenience, you can adjust it per beneficiary. However, it's important to note that the overall transaction limit cannot be increased beyond this 10-lakh ceiling directly through SBI YONO.
Managing Transaction Limits for Beneficiaries
To change the transaction limit for a specific beneficiary, you need to follow these steps:
Login to your YONO account.
Navigate to the 'Manage Beneficiary' menu.
Select the beneficiary you wish to update.
Set a new transaction limit for the beneficiary.
Save your changes.
If you're provided with limited transaction rights, you can request full transaction rights through Internet Banking. This allows for a more flexible management of your funds.
Regularly Transferring Larger Amounts
For occasions where you need to exceed the daily limit of 10 lacs, consider the following options:
Visit SBI branches to conduct transactions in person.
Open a current account which may offer higher transaction limits.
Utilize SRO (Short Term Overdraft) services offered by SBI to manage larger transactions without the usual limitations.
Transact through alternative online banking platforms such as SBI Current Account or SRO Net Banking.
Additional Flexibility through YONO
While the standard transaction limit is 10 lacs, YONO does offer additional flexibility under certain conditions:
You can set a maximum transaction limit of 100,000 rupees for a single transfer to a beneficiary.
After a cooling-off period of 6-8 hours, the limit can be raised to 10 lacs for that beneficiary.
You can transfer up to 25,000 rupees at a time if you haven't set a specific limit.
For more detailed information on managing your SBI YONO transactions, please contact SBI customer support.
Note: The specific availability of these features and the exact procedures may vary based on your account type and policies.