As were using NEFT to transfer money so here have to choose NEFT.
How to neft money transfer. NEFT or National Electronic Funds Transfer is an electronic fund transfer scheme that uses internet banking or mobile banking to transfer funds from one bank account to another. Even if you dont have a bank account you can walk into an NEFT-enabled bank branch and make a transfer with cash to another NEFT enabled account. Transfer Money Online Today.
Top Verified Reliable Providers. Step 4 Enter the beneficiary account details or Credit card number. Now you can transfer money without any charges at any time through NEFT.
Using your Customer ID and Password into Net BankingMobile Banking Step 2. Funds get transferred very fast ie. Using NEFT you can electronically transfer money from your bank account to a person holding an account in the same or a different bank.
Now if you want to transfer money into the same Bank account as yours the click on it within SBI but if you want to transfer money to other banks then click on the Other Bank Transfer tab which will be under Outside SBI. Set the number of times the online money transfer should occur from the start date using our Repeat feature. Usually in a few minutes.
National Electronic Funds Transfer NEFT is a nation-wide payment system. Click to know more on NEFT. Select Debit Credit Account mode of transfer as IMPS and beneficiary account Step 4.
Schedule a transfer through one of the following methods. Steps to make IMPS money transfer. Under electronic banking the NEFT transfer time depends on the particular slot during which you have applied the fund transfer request.