Bank Of India Fund Transfer

Hello sir, please tell me how to do transfer some fund from my bank of India account? Please provide me detail for bank of India fund transfer?

[Rajkumar Agarwal]

The bank of India is provides a facility for Instant Money Transfer. The Instant Money Transfer is an innovative, safe and simple domestic money transfer with cash out facility.

It allows Banks customer to send money to a beneficiary/ receiver only by using the beneficiary / receiver’s mobile number and secret code; from either bank of india IMT enabled ATMs or its Retail Internet Banking facility.

The beneficiary/ receiver can withdraw money from Bank of India IMT enabled ATM without using a card, i.e. card less withdrawal.

The unique feature of this facility:

Self Service – Bank’s customer can him/ herself initiates the transaction.
24 * 7 * 365, facility can be availed 24*7, both by initiator and beneficiary/ receiver.
Simple, safe and hassle-free

The beneficiary/ receiver:
Prefers cash
Needs money instantly / needs emergency cash.
Don’t have a bank account.
Bank account details are not known.

Fund transfer by these process:
IMT through Internet Banking
IMT through ATM

Limits:
Sender limit Rs. 10,000 per transaction
Beneficiary / Receiver limit Rs. 25,000 per month
Checked on his / her mobile number

The minimum amount for which an IMT can be initiated is Rs. 100 and thereafter in multiples of Rs. 100.00.
The maximum limit for an IMT is Rs. 10,000.00.

Validity
Life of a successful IMT is for 14 days only

Fund transfer by SMS:

Bank customers can send an SMS to +919223009988 from their registered mobile number, with following details/ format –

IMT <Beneficiary Mobile Number>#<Beneficiary name>#<Beneficiary Address>#<Beneficiary Add. Pin Code>