How To Add Inter Bank Beneficiary Account in SBI Net Banking Online
Hello friends In this post of today, we will teach you How To Add Inter Bank Beneficiary Account in SBI Net Banking Online.
As you all know that only after adding Inter Bank Beneficiary to SBI, a person can transfer funds to SBI To Other Bank.
There are two types of beneficiaries in SBI’s Internet Banking, the first is the Intra Bank Beneficiary and the second is Inter Bank Beneficiary.
Intra Bank Beneficiary
From this we can only transfer funds to one SBI Account to Other SBI Account.
Inter Bank Beneficiary
With this, we can transfer funds through NEFT (National Electronic Funds Transfer System) to any other bank account.
What is Beneficiary?
Beneficiary is a person whose account you want to fund transfer i.e. send money.
When we do fund transfer in any bank online, then we need Beneficiary and the account of the person in which we make the fund transfer account is called Beneficiary Account. Without this, you can not send money to any person.
So friends, here is information about Beneficiary, let us now know How To Add Inter Bank Beneficiary Account in SBI Net Banking Online.
Information Required For Adding Inter Bank Beneficiary in SBI Net Banking Online
- SBI Internet Banking Username.
- Login Password.
- Beneficiary Account Number.
- Beneficiary Name.
- Address of Beneficiary (Optional).
- Beneficiary Bank’s IFSC Code.
- Registered Mobile Number in SBI Bank as Bank Will Send OTP (One Time Password) in That Registered Mobile Number.
How To Add Inter Bank Beneficiary Account in SBI Net Banking Online?
Firstly, you will need to login to SBI Internet Banking by entering your User Id and password.
After that you will have to click on the profile option made at the top.
After clicking on the profile option, you have to click on Manage Beneficiary.
After this you will need to enter your Profile Password and click on Submit Button.
You now have to click on the Inter-Bank Beneficiary Option.
After that you will have to fill the details of the Beneficiary.
Now in the next page you will have to click on the Approve Now button.
After clicking on the Approve Now button, you will have to click on the radio button next to Approve Beneficiary.
You will now have two options for Adding Beneficiary, which will be like this –
Approve Through ATM (IRATA *) – With this option you can instantly add any Beneficiary.
Approve Through OTP ** – It takes some time for you to add Beneficiary to this option.
For example we are using it here by clicking on the radio button next to the second option.
Now you have to check that Beneficiary Account and put OTP (One Time Password) and click on Approve Button.
Finally, you will now see a beneficiary add message, as you can see in the photo given below.
Hope you guys have understood now – How To Add Inter Bank Beneficiary Account in SBI Net Banking Online