How to Transfer Money Between SBI Accounts: A Comprehensive Guide

Transferring money between your SBI State Bank of India accounts is a straightforward process that can be done in multiple ways, depending on your convenience and access to technology. Whether you choose to do it online, through the YONO app, at an ATM, or by visiting a branch, this guide will walk you through the steps to ensure a smooth and hassle-free transaction.

1. Online Banking (Net Banking)

For those who prefer the convenience of the internet, online banking offers a secure and efficient way to transfer funds between SBI accounts. Here are the detailed steps:

Navigate: Navigate to the 'Funds Transfer' section.

Choose Transfer Type: Select 'Transfer to a Beneficiary'.

Add Beneficiary:

Click on 'Add New Beneficiary'. Enter the beneficiary's account number, name, and other required details. Confirm the addition through an OTP (One Time Password) sent to your registered mobile number.

Transfer Funds:

Select the beneficiary from the list. Enter the amount to be transferred. Confirm the transaction with an OTP sent to your registered mobile number.

2. SBI YONO App

The SBI YONO app provides another convenient option for transferring funds between SBI accounts. Here's how you can do it:

Navigate: Go to the 'Funds Transfer' section.

Select Transfer Type: Choose 'Within SBI'.

Enter Details:

Enter the beneficiary's account number and name. Enter the amount to be transferred. Confirm the transaction with an OTP.

3. ATM

If you prefer using an ATM, the process is quite simple:

Insert Card: Insert your SBI debit card into the ATM.

Select Language: Choose your preferred language.

Enter PIN: Enter your ATM PIN.

Choose Transaction: Select 'Funds Transfer'.

Enter Details:

Enter the beneficiary's account number. Enter the amount to be transferred.

Confirm: Confirm the transaction.

4. Branch Visit

If you prefer visiting a branch, follow these steps:

Visit Branch: Go to the nearest SBI branch.

Fill Form: Fill out a funds transfer form with your account number, beneficiary's account number, amount, and any other required information.

Submit: Submit the form to the bank officer.

Verification: The bank officer will process and verify the transfer.

5. SMS Banking

For users who have registered for SMS banking, here’s how you can transfer money:

Send SMS: Send an SMS in the format `TRANS YourAccountNumber BeneficiaryAccountNumber Amount MBSUserId` to the designated number, for example, 9223440000.

Confirm: You will receive a confirmation message.

These methods provide flexibility for transferring funds based on your convenience and access to technology, ensuring a smooth and secure transaction every time. Whether you choose online banking, the YONO app, an ATM, or a branch visit, the process is designed to be simple, efficient, and secure.