4 Best way for: How to transfer money from Andhra bank to SBI through online? - Mix Masala/Tech Info

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Monday, 1 June 2020

4 Best way for: How to transfer money from Andhra bank to SBI through online?

In this internet world transfer money from one bank to another is no more headache for anyone the procedure and the process for online money transactions become more easier and safer.
4 Best way for: How to transfer money from Andhra bank to SBI through online?

So today we are going to discuss the option for ''How to transfer money from Andhra bank to SBI through online?''. In this article, we are to tell the process step by step.

There are many internet banking options for transfer money from one bank account to another bank account by using the simple procedure. You can check the below link in this article we try to explain how the IMPS transaction work.

How to get IMPS transaction details?: 3 Best technique

5 Best way for transfer money from Andhra Bank to SBI Bank through online process:

Before starting our main topic we would like to share some important knowledge to you about the online money transfer.

National Payment Cooperation of India has earlier introduced the IMPS fund transfer services for the ease of doing business and easy way to transfer money instantly.

By using the hassle-free and secure mobile internet banking option, now it is possible to transfer the fund from one bank to another bank by using the IMPS (Immediate Payment Service). Immediate Payment Service is one of the secure way to transfer a fund throughout the internet service this option is available for those bank account holder who has availed mobile internet banking services. The bank account holder can send the money to any beneficiary account holder by just using their bank account details like account number and IFSC code, we'll discuss all the fund transfer terms in this article one by one.

How to transfer money from Andhra Bank to SBI through online: By using Account Number & IFSC code

Through the newly launched IMPS procedure, the Andhra Bank holder can transfer the money from there bank account to the SBI bank account (any other bank). To use this option of money transfer the Andhara bank holder must sign up his account to there online internet/mobile banking option.

To use these options the bank account holder must register his mobile number with bank and mobile banking/internet banking option to transfer money from one bank account to another bank account by just using the account number and IFSC code of that person whom you want to transfer money.

Procedure to transfer money by using Account Number and IFSC code:
5 Best way for: How to transfer money from Andhra bank to SBI through online?
  • After login, you can see the Fund Transfer option on the menu bar click on it
  • Now on the left side, you can see the External Fund Transfer option click on it.
5 Best way for: How to transfer money from Andhra bank to SBI through online?
  • Click on Add an External Payee
  • Fill the form, input all detail of another bank account
5 Best way for: How to transfer money from Andhra bank to SBI through online?
  • Enter payee name
  • Enter the account number and confirm the account number
  • Set money transfer limit
  • Now tick on IFSC code enter the detail then Click on Get Branch option
  • Verify the SBI bank detail click on select
  • Now click on Add Payee option
  • You'll receive verification message from a bank on mobile
  • Click on Pending Payee
  • Click on Generate OAC you receive a code form bank on mobile
  • Enter the OAC to Authorize now click on OK & then Back option
5 Best way for: How to transfer money from Andhra bank to SBI through online?
  • Click on NEFT/RTGS option
  • Now select the debit account then select the Payee account
  • Enter the amount
  • Click on Pay Option
  • Now by entering the address detail o payee confirm the payee account
  • Then click on insert option
  • Now you receive the OTP, enter the OTP
  • Click on Submit option

How to transfer money from Andhra Bank to SBI through online: By using BHIM UPI service

BHIM (Bharat Interface for Money) is an Indian mobile payment app developed by the National Payments Corporation of India (NPCI), based on the Unified Payments Interface (UPI)

Named after B. R. Ambedkar and launched on 30 December 2016, it is intended to facilitate e-payments directly through banks as part of the 2016 Indian banknote demonetization and drive towards cashless transactions.

The app supports all Indian banks which use UPI, which is built over the Immediate Payment Service (IMPS) infrastructure and allows the user to instantly transfer money between bank accounts of any two parties. It can be used on all mobile devices.

All you need to use the Bhim UPI service:
  • Your mobile number must be registered in Andhra bank
  • Now download the BHIM UPI application from google
  • Registered yourself in three easy step
  • Verify mobile number
  • Select the bank and verify bank your bank account
  • Set the UPI pin and your BHIM UPI app is ready for the transaction
By using this application you can send the money to another bank by using the account details or by just the mobile number which is registered at the bank.
  • Enter the mobile number click on the verification
  • Enter the account click on send 
  • Enter the UPI pin and click on OK tick
That's it, by using this method you can easily send and to receive the money from any bank at any time.

How to transfer money from Andhra Bank to SBI through online: By using Aadhar Card

In ABRS, a remitter can initiate an IMPS transaction using the beneficiary's AADHAAR number, which acts as a financial address & which will be linked to the beneficiary's account number. 

ABRS facilitates simplifying the IMPS payment initiation process as in this service the customer will have to input only AADHAAR number of the beneficiary for initiating an IMPS transaction. 

Another important utility of this service will be in disbursal of subsidy payment i.e. Electronic Benefit Transfer (EBT)/ Direct Benefit Transfer (DBT) by the Government. ABRS will act as a catalyst in expanding financial Inclusion reach.

How to transfer money from Andhra Bank to SBI through online: By using Mobile number & MMID

In this option, the sender and the receiver have to register for mobile banking and get a unique ID which MMID(Mobile Money Identifier). 

It offers 24x7 interbank electronic fund transfer service capable of processing person to person and person to account through mobile, internet, and ATMs. 

The MMID is 7 digit code, each MMID is linked to a mobile number and different MMID can be linked to the same mobile number.

Summary:

So today we try to explain the three-technique to understand the procedure ''How to transfer money from Andhra bank to SBI through online?'' with some perk for better understanding we also try to explain how the fund transfer system works in different options. If you guys really having any issue please let us know. 

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