Description: This article is related to south state bank login. The write primarily shows you how to make fund transfer by using internet banking. You can transfer money to someone’s account with it, what you need is internet connection.
This is mrinal from receivetipstricks.com. In this content, we will see how to make fund transfer by using internet banking. If you are new and have an internet bank account for the first time, please feel free to read my previous content on how to register for online banking.
OK, let us get back to transfer fund online. You are going to need two things, one is your bank account number, the other one is bank address. When you have them, get ready to proceed to next step, that is transfer fund online.
In order to transfer fund to your friends’ account, you will need to add them as your beneficiary. Enter the username and password, and log into your account. Go to the profile section at the top and click on the manage beneficiary.
After you get to the profile section, you will need to enter your profile password, then click on submit. As you can see, there are 3 options, the Inter-bank beneficiary will be used for transferring in the same bank branch.
For example, I have an account in SBBJ, and I want to send money to a friend of mine who has an account in SBBJ. Then I add him. Inter-bank beneficiary is used for SBBJ to ICICI or SBBJ to HDFC. State bank beneficiary is used within the 5 different state bank groups like SBBJ to SBJ or SBBJ to state bank of MYSOR. If you get confused, you can check the listing of the bank form here.
OK, we will transfer fund from SBBJ to HDFC, we will click on inter-bank beneficiary. Enter the name and account number, confirm the same, enter the IFS code. Remember that you will have to enter the ifs code of the bank where you transfer the money.
When I transfer money to HDFC bank, I will enter the IFC code of HDFC bank. Click on I accept and the submit it. I haven’t entered the maximum limit, I will enter it. Now every looks fine, I will click on submit.
Now go to the approve, click on approve beneficiary, select the account and enter the password that you received form your mobile device. When you finish, click on approve. You will have to wait for activation by bank.
When the beneficiary is activated by the bank, get ready to transfer fund. Log into your account. As you can see, my balance is 1244. Go to Payment and transfer. We added inter-bank beneficiary yesterday, so click on that.
There are two modes of fund transfer, they are RTGS and NEFT. In RTGS, the money is transferred with no waiting time, however the minimum transfer limit is of 2 lakh. But NEFT (national electronic fund transfer) has no limit, you can transfer 10 Rs to 1 Lakh Rs. I will select NEFT. In the next window, enter the amount. The remarks are optional. Select the account which you want to transfer money to.
You can schedule the transfer for later date or pay it now. I will click on pay to show you. Click on I accept and then submit it. Verify every detail and then click on confirm. As you can see, the confirmation of fund transfer says that transaction is competed successfully. Now we check our balance . It was 1244 before, now it should be around 1000 RS.
That is it. For the next content, we will see how to make recharges with internet banking. Join us on Facebook, Twitter and Google. Thank you.