Transferring money from ATM.

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sabby

Herald
Well, usually we transfer money by online banking most of the time. Some deposit cash. Few days back while using a SBI ATM, I saw an option to transfer money. Does that work in the same way as Online transfer does ?? Or transferring from ATM is instant unlike the NEFT where it can take upto 24 hrs to reflect the money in the destination A/C ? Besides, what are the transaction charges, if any ?
 
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