17.12.13

How to Transfer Money through SBI Net Banking

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Online banking is a system which allows you to perform banking activities at home through the internet. One of the greatest and useful benefits of Internet banking is that it offers you the independency to transfer money anytime anywhere without even visiting your Bank’s branch.

How to Transfer Money through SBI Net Banking

Using the service of Online banking you can freely transfer money within your own personal account in same bank or in someone's account within your bank. You can send money in any bank account of India and abroad also.
Most of the people are using SBI account but still only few % people are using the facility of SBI Net Banking. Maybe they are still unknown about how to use SBI net banking or they feel difficulty to using SBI net banking. 

So today in this article, I am going to show you how to transfer money through SBI net banking. Here I am using the example of transfer money to other bank account (SBI to HDFC). Follow the below mentioned step-wise guide:


Steps to transfer money from SBI to other bank account
Steps (1): Firstly, Login to your SBI account. You can go on login page from here.

How to Transfer Money through SBI Net Banking

Steps (2): Before transferring the funds to another account you will have to add them (on which account you want to transfer money) as beneficiary. So, Go on Profile tab and then select Manage beneficiary option.

How to Transfer Money through SBI Net Banking

You will see three options such as: Intra-Bank Beneficiary, Inter-Bank Beneficiary and State Bank Group Beneficiary. Here you will have to select Inter-bank beneficiary option to transfer the fund to someone else account in another bank.
Steps (3): In next page, you will have to fill-up all the required details like Name, Account number, address and IFSC code etc. After entering all the details, click on Submit button.

How to Transfer Money through SBI Net Banking

Steps (4): The bank may take upto one day in beneficiary approval. After activation you can move on with next step, so you have to wait till approval. When your account is activated, you will get a SMS notification.


Steps (5): After the beneficiary approval, login to your SBI account. Now Go to Payment/ Transfer tab and just select the Inter-bank beneficiary option.

How to Transfer Money through SBI Net Banking

Steps (6): In next page you have to select the transaction type as NEFT or RTGS. If you are transferring less than 2 lakh then select NEFT.

How to Transfer Money through SBI Net Banking

Steps (7): Now you have to choose the Beneficiary name and enter the amount which you want to transfer. After that select the account number and accept the terms and conditions. Finally click on Submit button.

How to Transfer Money through SBI Net Banking

Note: You may be asked to verify your details once again, so make sure the details you entered are correct and then click on submit button.

That’s it! Now your money will be transferred within next working hours of the bank. Thus you can think about the easiness and comfort ability of transferring money through net banking.

Feel free to share your view with us through comments. We will appreciate your comments. To know more tips and tricks, tutorials, latest updates check out our Regular tips section

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12 comments:

  1. Hi Amit,

    Well explained post. Thanks for sharing.

    Happy New year.

    ReplyDelete
    Replies
    1. Thanks Mohammed,
      I am glad that you found this post helpful.
      Happy New Year, please keep coming :)

      Delete
  2. many people come across such problem in day to day life and your post definitely help out to come out easily. Thanks for your insight.

    ReplyDelete
    Replies
    1. Yehhh, shiwangi
      This is a common problem for the people, so I shared this article here and hope it will help them. thanks shiwangi for your lovely comment. :)

      Delete
  3. Great Guide Amit. I have been using SBI net banking since 2 years and I am enjoying it. Don't know why people say SBI's net banking is not good?

    ReplyDelete
    Replies
    1. wow,
      Thanks Atish for sharing your view with us. I am very happy to see your comment on my Blog. yehh, I am also using SBI net banking and happy with it.

      Delete
  4. Internet banking is indeed the most important thing online now days. Good that you have shared a nice tutorial for the users to let them know the process in detail. :-)

    ReplyDelete
    Replies
    1. Thanks john for sharing your precious comments here. keep coming :)

      Delete
  5. Hi Amit,

    You have shared great tutorial to transfer money using SBI Net Banking, I have no idea how it is done, after Goggling, I found your post, I am very happy since you shard step by step guide.

    I want to say a big thanks for this post. Now I can easily transfer money via net banking :)

    ReplyDelete
  6. Hey Jyoti,

    It's really great to listen these kind words from you. I am glad to know that this How-to guide helped you to transfer money using SBI Net Banking. Thank you so much for sharing your view about this tutorial with all of us :)

    ReplyDelete
  7. AnonymousJuly 04, 2014

    Can a joint account of any other bank be added as a interbank beneficiary?

    ReplyDelete
  8. how do i add a beneficiary through the phone

    ReplyDelete