How to Transfer Money from SBI Bank Account to Another Bank’s Account

Moving funds from your SBI account to another account, whether it is another SBI account or a different bank’s account, can often be a quick and hassle-free process. To ensure a smooth transaction, SBI offers multiple methods including online banking, mobile apps, ATMs, branch visits, and even SMS services. This guide will walk you through the steps for each method.

Method 1: Online Banking (Net Banking)

Login: Log in to your SBI Net Banking account. Navigate: Once logged in, navigate to the ‘Funds Transfer’ option. Choose Transfer Type: Select the appropriate transfer type for either an SBI account or a non-SBI account. Add Beneficiary: If you have not already added the beneficiary, click on ‘Add 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 you wish to transfer. Confirm the transaction with an OTP sent to your registered mobile number.

Method 2: SBI YONO App

Login: Log in to the SBI YONO app. Navigate: Go to the ‘Funds Transfer’ section. Select Transfer Type: Choose the appropriate transfer type for either an SBI account or a non-SBI account. Choose Within SBI: Select the transfer type for SBI to SBI accounts if applicable. Enter Details: Enter the beneficiary's account number and name. Enter the amount you wish to transfer. Confirm the transaction with an OTP.

Method 3: ATM

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 the ‘Funds Transfer’ option. Enter Details: Enter the beneficiary's account number. Enter the amount you wish to transfer. Confirm: Confirm the transaction.

Method 4: Branch Visit

Visit Branch: Go to the nearest SBI branch. Fill Form: Fill out a funds transfer form with details such as 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.

Method 5: SMS Banking

Register for SMS Banking: Ensure your mobile number is registered for SBI SMS banking services. Send SMS: Send an SMS in the format `TRANS YourAccountNumber BeneficiaryAccountNumber Amount MBSUserId` to the designated number (e.g., 9223440000). Confirm: You will receive a confirmation message.

These methods provide flexibility for transferring funds based on your convenience and access to technology. Whether you prefer using your mobile app, accessing online banking, or visiting a branch, SBI offers a variety of options to suit your needs.