Making net banking money transfer online is very simple nowadays. Banks provide ways to send money digitally via NEFT, RTGS, IMPS or UPI. While these acronyms might seem intimidating initially, the process is, in fact quite simple and quick if you understand the basics.
This handy guide clearly explains the necessary steps—from securely logging into your net banking account, adding recipients, scheduling transfers, and finally completing secure digital payments.
Read on to learn how to send money online through your bank with utmost ease.
Prerequisites for Online Money Transfer
Before you initiate a digital money transfer transaction, ensure you have:
- Active Bank Account: You must have a bank account with a net banking facility enabled. Nowadays, most banks offer internet banking access when opening savings accounts.
- Sufficient Balance: Check if you have enough funds to transfer the required amount. Having adequate funds ensures transactions are not rejected.
- Beneficiary Details: For one-time transfers, collect beneficiary details like account number and IFSC code of the receiving bank branch. Add payees for recurring transfers.
- Transaction Limits: Be aware of the facility’s per-transaction per-transaction limits, such as NEFT, RTGS, or IMPS. Limits depend on factors like account type.
- Secure Access: Use devices with updated antivirus software and firewalls. Do not access net banking from public computers or unknown networks.
Banks like IDFC FIRST Bank allow new customers to open a savings account digitally and instantly activate net banking, enabling them to send money conveniently with a few clicks.
Step-by-Step Guide to Transfer Money via Net Banking
Follow these easy steps to send money from your bank account using net banking:
1. Enter Net Banking Site
- Go to your bank’s Net Banking login page
- Put in a unique ID and password
- Verify via OTP texted to your registered number
2. Pick Money Transfer Choice
- In the dashboard, click ‘Funds Transfer.’
- Choose IMPS, NEFT or RTGS transfer type
- Select ‘Transfer Now’ to continue
3. Enter Receiver Details
- Select the account to send from
- Enter the name, account number and IFSC code of the receiver
- Save receiver for future transfers (optional)
4. Enter Transfer Amount
- Write the amount you want to send
- Min and max limits depend on the mode picked.
5. Verify Transaction
- Check and validate the details.
- Type in the OTP texted to your registered number.
- Select ‘Confirm’ to complete the transfer.
6. Check Transfer Status
- After a successful send, check the status of the live.
- IMPS transfers reach instantly
Benefits of Online Money Transfers
Transferring money digitally has these benefits:
- Safe site: Layers of security avoid fraud.
- Use anywhere: Send from trips or distant places.
- Fast: Quicker than paper checks or drafts
- Always on: Make transfers when needed
- Low cost: Small fees to send money
- Instant updates: Get SMS/email alerts right away
Conclusion
Next time you need to pay someone, sign in to your bank’s app or site for easy digital payments. Skip the troubles of old methods by doing it online. Financial transactions have truly entered the digital era – transferring money is now just a few clicks away through net banking!
