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It (Group Payment or GRPT) is an on line fund transfer facility available to customers maintaining account in the group of banks coming under State Bank of India (SBI) - such as State Bank of Hyderabad, State Bank of Travancore, and many other similar banks in State Bank of India Group - The group includes SBI also.

It appears that there is no transfer fee for this mode of transfer.

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Q: What is full form of GRPT?
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