What is the Cooling Period in SBI Internet Banking?

If you have ever come across the term SBI Beneficiary then you should know what is the Cooling period in SBI Internet Banking. The cooling period in SBI is very helpful for the SBI Net Banking users for reducing fraud.

Read this article thoroughly to understand the actual meaning of the SBI cooling period.

What is Cooling Period in SBI Internet Banking?

The feature of Cooling period in SBI net banking provides the safeguard the user from fraudulent.

Imagine a situation where your SBI internet banking credentials (username, password, OTP, etc.) are stolen by some fraud. Then he/she gain access to your SBI net banking account and can transfer any amount of money to any other account.

If you observe any illegal/fraudulent activities during this Cooling Period you can approach your bank and de-active your INB account. SBI provides this feature in order to minimize fraud.

How many days Cooling Period in SBI?

There is a particular duration of the Cooling period of different Banks. As of June 15, 2021, the duration of the Cooling period in SBI is 4 days.

if you don’t have an idea about how to add intra bank beneficiary in SBI then read this article. I’ve explained there very well.

The Cooling period is only for those beneficiaries which are approved by OTP. If you have added new beneficiary and approved through OTP then Cooling period of 4 days from the date of approved is activated.

During the cooling period (4 days) you can transfer an amount of Rs. 5,00,000 (5 Lakh) to a beneficiary. Once the Cooling period is over, you can transfer up to the full limit. The maximum limit for Intra and Inter-Bank beneficiary ins BI is 10,00,000 (10 Lakh)

How to Remove Cooling Period in SBI?

Now, this is a quite interesting question on how to eliminate or remove the cooling period in SBI. Many a time you want to transfer money from with SBI beneficiary with Full limits. But this cooling period makes it difficult to make it possible.

Although there is no method to remove the cooling period in SBI, still you can eliminate the cooling period. Do you know the ways to approve any beneficiary in SBI internet banking? If not, here they are.

  • Request to the Branch
  • IRATA (Internet Banking Request Approval Through ATM)
  • OTP

Out of these 3 ways, requests to the branch and the IRATA do not have any cooling period. So, use these first two methods in order to remove the cooling period in SBI.

Once your beneficiary gets approved/activated, you can avail the full transaction rights.

How to Approve using IRATA?

If you wish to approve your new beneficiary using IRATA then follow the simple steps as follows. It is one of the safest and secure methods for instant approval.

To use the service of IRATA, you must have 10-digit INB reference number.

  1. Visit your nearest SBI ATM.
  2. Swipe your card which is linked to your Internet banking account.
  3. Choose the option ‘Services’ and then choose the ‘Net Banking Request Activation’ option.
  4. Enter the 10-digit INB reference number.

What is the SBI Beneficiary Activation Time?

According to SBI, if a beneficiary added and approved by you during the period from 6 AM (IST) to 8 PM (IST) will be activated within 4 hours on the same day.

If you add a beneficiary beyond this period of time, then the beneficiary will be activated on the next day after 8 AM (IST).

What is the SBI Beneficiary Transfer Limit?

You can set a transfer limit for individual beneficiaries. The maximum transfer limit is Rs. 10,00,000 (10 lakh)


I hope you have understood the meaning of the Cooling Period in SBI. If you want the full transaction limit as soon as the beneficiary approved use the Bank visit and IRATA method and you can use OTP if you want the Cooling period to be applied.

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