Frequent question: How can I transfer money from Indian bank account to another?

How can I transfer money from one Indian bank account to another?

Login to your Indian Bank online account. Click on “Fund Transfer”. Next, click on “Add Payee” from the same bank or “Add Payee” from a bank other than Indian Bank for an IMPS fund transfer. Enter the details of the beneficiary – Account name, bank account number and IFSC code.

How can I transfer money from India bank without adding beneficiary?

All you have to do is enter the name and account number of the recipient, and the bank will carry out a two-step verification (for instance, through an OTP sent to your registered mobile number) before transferring the amount.

How can I transfer money from one Indian bank account to another without net banking?

You can transfer funds from your phone without internet…

  1. You simply need to dial *99# on the phone, and wait for a few seconds.
  2. The service options—transferring funds using your mobile number, UPI ID, IFSC and bank account number, and so on—will appear on your screen.
IT IS INTERESTING:  How much does it cost for a destination wedding in India?

What is NEFT transfer in Indian bank?

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. … The Reserve Bank of India regulates all transactions through NEFT.

What is the easiest way to transfer money from one bank to another?

Steps for Transferring Money Between Banks

  1. Log into your bank’s website or connect via the bank’s app.
  2. Click on the transfer feature and choose transfer to another bank.
  3. Enter the routing and account numbers for the account at the other bank.
  4. Make the transfer.

What is the fastest way to transfer money from one bank to another?

A wire transfer is one of the fastest ways to transfer money electronically from one person to another through a bank or a nonbank provider such as TransferWise and Western Union.

How do I direct deposit into someone else’s account online?

How to Make Direct Deposits Into Someone’s Checking Account

  1. Electronic Deposit via Website.
  2. Deposit via Mobile App.
  3. Deposit Cash or Paper Check.
  4. Bank-to-Bank Online Funds Transfer.

How can I transfer money from one bank account to another online in India?

Step 1- Login to your bank’s internet banking website with your Customer ID and Password. Step 2- Add beneficiary by entering his account number, name and IFS Code. Step 3- After successful beneficiary addition, go to the ‘Fund Transfer’ section and click on IMPS. Select beneficiary and enter amount.

Which is safe IMPS or NEFT?

If you have to make a transfer quickly and don’t want to go through the hassle of registering a beneficiary, opt for IMPS. On the other hand, if you want to transfer a large amount, NEFT is the better choice.

IT IS INTERESTING:  Does cheese in India contain rennet?

Can IMPS be done without adding beneficiary?

How to transfer money without adding beneficiary? HDFC Bank requires you to add a beneficiary’s account to make any transfer including IMPS and NEFT. The only other way of transferring funds to an account without adding it as a beneficiary is making an IMPS transfer using MMID.