SBI's online netbanking service provides facility to transfer funds instantly to any other SBI bank account using add beneficiary option. To use this service you will need to add the account of the person as your beneficiary whom you want to transfer money. Adding beneficiary option follows two steps- first one is to add the account details of the beneficiary that is name to which account is registered and bank account number. Second step includes approving the beneficiary by OTP (One Time Password) that you will receive on your mobile phone number registered with your account.
To add beneficiary first login to your SBI netbanking using your username and password. then click on Payments/Transfers Tab on the upper left side.
If you are transferring money to a account in SBI then click on Within SBI > Accounts of Others tab.
Now it will display list of beneficiaries already added with a link to add a new beneficiary as well. Ofcourse you will now find any beneficiaries if you are using this service first time. Now Click on the link Click here to add a new Intra-Bank Beneficiary on the right side.
Next step will need your profile password. Remember that this password is going to be different set by you after your logged in first time to your netbanking. Enter the profile password and this will take you to the page where you have to enter the name to which account is registered, account number and transfer limit.
Enter the details and click Submit.
After that you will receive OTP on your mobile phone. Click on the Approve tab, select the account details you just entered and enter the high security password received and enter the high security password. Beneficiary will be activated within 6-7 hours. You will receive a confirmation message on your phone. Now you can transfer money less than the transfer limit set by you.
You can modify and delete the beneficiary by clicking on the Modify and Delete tab.
To add beneficiary first login to your SBI netbanking using your username and password. then click on Payments/Transfers Tab on the upper left side.
If you are transferring money to a account in SBI then click on Within SBI > Accounts of Others tab.
Next step will need your profile password. Remember that this password is going to be different set by you after your logged in first time to your netbanking. Enter the profile password and this will take you to the page where you have to enter the name to which account is registered, account number and transfer limit.
Enter the details and click Submit.
After that you will receive OTP on your mobile phone. Click on the Approve tab, select the account details you just entered and enter the high security password received and enter the high security password. Beneficiary will be activated within 6-7 hours. You will receive a confirmation message on your phone. Now you can transfer money less than the transfer limit set by you.
You can modify and delete the beneficiary by clicking on the Modify and Delete tab.
