In case you are wondering to transfer your State Bank of India (SBI) to another branch, it has become easier now. Before, you had to fill up numerous forms and wait for several weeks for the transfer to happen.
Now you can transfer your SBI savings account online, from one branch to another, anywhere in the country within a week, free of cost. Most other banks have been providing this facility for some time now.
Here’s the step-by-step guide on how to do it online:
Online transfer process
Step 1: Visit www.onlinesbi.com
Step 2: Click on ‘personal banking’
Step 3: Login using username and password
Step 4: Once logged into Net banking, click on ‘e-services’ tab on the top panel
Step 5: Click on ‘Transfer of savings account’
The next page will show the account details such as account number and branch name. There could be more than one account.
Step 6: Select the account you wish to transfer
Step 7: Now, you will have to write the branch code you wish to transfer the account to.
Step 8: Click on the branch name and based on the code entered, branch name gets auto-populated.
Once submitted, you will have to verify the account transfer details on the next page using the existing branch code and the new branch code.
Step 9: Once you click on the confirm button, an OTP is sent to your registered mobile number.
Step 10: On the next page, input the OTP and click on ‘confirm’.
The message ‘Your branch transfer request has been successfully registered’ will be displayed.