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How To Add Beneficiary in SBI Net Banking To Transfer Money

If you have SBI Net Banking Access then you can easily transfer money to any account by adding beneficiary in SBI. In this article, I will guide you with the exact steps to add beneficiary in the SBI Bank account using the SBI internet banking facility.

Although nowadays, you can easily transfer money without adding beneficiary in the SBI account. Yes, you just have to use the SBI IMPS money transfer facility using the SBI net banking account and send money to any account using their bank IFSC code only. In that case no need to Add Beneficiary in SBI Net Banking.

How To Add Beneficiary in SBI Net Banking 2020
How To Add Beneficiary in SBI Net Banking 2020


Ask Details To Add Beneficiary in SBI Net Banking

First of all, you have to make sure that, you add your beneficiary everyday between 6:00 AM to 8:00 PM. If you add beneficiary outside this period, your beneficiary will get approved the next day after 8:00 AM only. And within the period, it will take around 4 hours max to approve your beneficiary.

To add a new Interbank Beneficiary in SBI, you need the following details.
  • Beneficiary Name
  • Beneficiary Account Number and IFSC Code (Optional)
  • Beneficiary Address

Steps To Add Beneficiary in SBI Net Banking

So, make sure you are following the SBI beneficiary adding timeline as per SBI net baking rules. So that you can add the beneficiary on the same day and transfer money.

Step 1 : First of all visit the SBI Netbanking portal (https://www.onlinesbi.com/) and log in using your user ID & password.

Step 2: Next access your profile area. It will ask for a profile password and provide the same. Look for the ‘Manage Beneficiary‘ link in the ‘Profile‘ tab.

Steps To Add Beneficiary in SBI Net Banking

Steps To Add Beneficiary in SBI Net Banking

Step 3: Click on ‘Manage Inter-Bank Beneficiary‘. Here you have to choose the type of bank, whether it's another SBI account or any non-SBI account.

Step 4 : Next provide all the necessary details of beneficiary bank account like Bank Account number, IFSC code, etc.

How To Add Beneficiary in SBI Net Banking
How To Add Beneficiary in SBI Net Banking

Step 5: Select & Enter the ‘IFSC Code‘ option if you know the Beneficiary bank IFSC Code, otherwise select ‘Location‘ option and then select the beneficiary Bank name, State, Branch, etc

Step 6: Select (Tick) the Terms & Conditions & Submit. Then you will get an OTP in your SBI Netbanking registered mobile number. Us that OTP and approve the beneficiary account. It will take around 4 hours to get your beneficiary account approved.

So, this is the simple step by step guide to Add Beneficiary in SBI Net Banking account. As soon as your beneficiary account gets approved by SBI, you can transfer money as per the transaction limit while adding beneficiary.

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