How to transfer money from one account to another in SBI

How to transfer money from one account to another in SBI

Gone are the days where you have to stand in the queue and wait for your turn to deposit the money in your bank. #DigitalIndia campaign in India has made lots of improvements in the banking sector. You can now deposit the cash using ATM machine. Also, If you have two accounts in SBI then you can transfer the balance from one account to another online. In this guide, I have explained how to do this in step by step.

Guide on how to transfer money from one account to another in SBI

this task can be performed online by various methods. We will see some of the methods in details. You can follow any of the methods to transfer the amount to your another account.

Method1 – How to transfer money from one account to another in SBI using Internet banking

Step1: Open the Onlinesbi.com on your phone/computer and log in with username and password.

Step2: Click on the Payment transfer tab from the top horizontal menu.

Step3: Now under Within SBI section, click on funds transfer(Own SBI A/C) option.

transfer money from one account to another

Step4: Now select your another account mapped under you INB login.

Step5: Enter the amount to be transferred to the new account.

Step6: Enter the OTP received on your registered mobile number.

Your amount is now transferred to another account successfully.

Also read – SBI debit card online apply detailed procedure

Method2 – How to transfer money from one account to another account without adding a beneficiary

You can also do this using internet banking.

Step1: login into an internet banking website

Step2: Click on the Payment transfer option.

Step3: Under Funds Transfer, click on Quick Transfer (Without Adding Beneficiary) option.

select card type and other details to apply for new sbi debit card

Step4: Now, enter your another account number, Beneficiary name, etc.

Step5: In the last, enter the option, amount and purpose of money transfer.

Step6: Tick on “I agree to the t&c” and then click on Submit button.

Method3 – Transfer money to own sbi account using SBIAnywhere mobile app

If you don’t have access to a computer, then you can transfer money from one account to another using an SBI anywhere mobile app. First, you have to register for the sbi mobile banking app and then follow these steps –

  1. open the app and login with internet banking id and password.
  2. Tap on the Funds transfer option.
  3. Now, click on the self-accounts option and click on select your another bank account from the drop-down list.
  4. Enter the amount to be transferred and click on Submit.
  5. On the next screen, enter the OTP received on your registered mobile number.

Your amount will transfer within a few hours. check another sbi account balance using the same sbi anywhere app.

Method 4 – SBI money transfer from one account to another using Any UPI app

This is a very simple and reliable method to transfer the money anywhere/anytime.

Step1: Install any UPI app on your account. In this guide, we will use the Google Pay app.

Step2: Register for the app and add your first sbi account in it.

Step3: Now click on your name on top and then tap on add another account.

Step4: Now enter your another sbi account number and debit card details.

Step5: Gpay will automatically verify your mobile number and another account will be verified.

Step6: Now go to New tab and tap on Bank transfer option.

Step7: Enter the account number and IFSC code of your another account with sbi.

Step8: Now, Enter the amount and click on the submit. Enter the UPI passcode and verify the transaction

Done, you have transferred amount from one account to another in SBI.

Read This also – How to Link PAN card to SBI Account online

Summary

This guide about transfer money from one account to another in SBI explains how to do the same in four different ways. Hope you this guide helpful and you have successfully transferred amount from your one sbi account to another.

In case, you have any type of query, question, then comment down below in the comment section.

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