One of the biggest advantage of online banking is that it gives you freedom to transfer money anytime anywhere without even visiting your branch. You can transfer money to your own personal account in same bank , to the account of someone else within your bank, and even to someone else account in another bank. All you need is internet connection. In this article we will find out how to make a fund transfer from sbi to hdfc bank account. For this demonstration I will use snapshot from sbbj account but the transfer process is similar in all 5 state bank groups.
Follow the steps
Step 1 Login to account. Step 2 Before you transfer funds to another account you will have to add them as beneficiary. Go to Profile > manage beneficiary. Now select inter-bank beneficiary to transfer fund to someone else account in another bank. Step 3 Now you will need to enter details like Name , Account no. Along with branch address or IFSC code. Once you are done click on submit. Step 4 The beneficiary approval from the bank may take upto one day. Once the status has been turn active you can proceed with next step. Step 5 After the beneficiary has been approved by the bank. Go to Payment/ Transfer > Inter bank beneficiary. Step 6 Next select the transaction type as NEFT or RTGS. Note: If you are not sure about the transactions types read this guide first. In 90% of cases it will be NEFT. Step 7 Next select the Beneficiary name and enter the amount to be transfer and submit it. You may need to verify your details once again, make sure the details are correct and hit submit button. Well this is it your fund will be now transfer in next working hours of bank. For any query feel free to ask through comments below.
Here is the video demo on How to transfer money to other bank account
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