How To Transfer Money From SBI To Syndicate Bank

Hi I would like to know the different ways of transferring money from State bank of India to Syndicate or any other Bank?

[Shaleen]

A great many people need to send cash to an individual, relative or companion. Possibly you have to finish off the record of a youngster away at school, pay your child's piano educator or bolster relatives abroad. Whatever the reason, there are a few approaches to send cash, each with its own particular focal points.

1.By Cash

Go to the branch [your bank, if both the a/c s are in the same bank; generally go to the individual's bank, whom you need to pay]

Take a store slip. In the a/c sort for funds a/c, compose SB and for Current Account, compose CA. In the a/c no. compose the a/c no., in which you need to exchange the sum. In the name, compose individual's name to whom, you need to exchange/store the sum.

Store the money store slip, you will get back a money store receipt.

2.By Check

In the name, compose individual's name to whom you need to exchange/store the sum and if accessible his/her a/c no. in sections (A/c No. xyz).

At that point go to the individual's bank to whom you need to pay and store the check, against check receipt, for the most part the receipt is not stamped.

In the event that now the individual does not have a bank a/c, compose the same check same route without composing a/c payee and his a/c no. Instruct him to visit your bank office with a picture id card, to pull back the cash. This is done just on account of little sum cash not more than Rs.5,000 and for the most part for workers.

3.By Demand Draft (DD)

Same as check. This office is done just when the particular individual to whom you are paying is staying in a remote area, where all the bank's offices are not there. Pay Order (PO) is done when the sum is under Rs.50,000 and issued and pulled back inside of a state..

4.By Visa

Move store cash into the Visa of the individual whom you need to pay.

5.By Net managing an account

On the off chance that you have net managing an account office, you can exchange cash to any a/c. To begin with you need to enlist the individual's bank a/c no. in your net managing an account. For Same bank's a/c takes 3 business days and for various banks, it takes 7 days register. Once, enlisted you can exchange cash promptly.

6.By RTGS/Swift

In the event that don't have time, you need to instantly exchange cash, contact your neighborhood office for RTGS/Swift. They will charge an expense. In any case, your exchange will be inside of 5 to 20 minutes relying upon the administration of the bank.

7.Via PayPal.

On the off chance that the individual to whom you are paying, has a pay buddy a/c, you either exchange cash by your charge card/pay buddy a/c.

Please find the detailed process of transferring money from any bank to any another Bank via online net banking