How to Transfer Money through SBI Net Banking

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.

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.

See also: 

• How to Activate SBI Internet Banking
• 280+ Full Forms of Banks and Banking Related Terms

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:

Read: What to do if you have lost your SBI ATM Card? And How to get a new ATM card?

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.

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.

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.

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.

Read Also: Top 5 Tips and tricks to Make Your Online Transaction Secure

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.

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.

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.

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.

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