Now you can transfer your SBI account to another branch online...

Now you can transfer your SBI account to another branch online...

If you have a State Bank of India (SBI) savings account, transferring it to another branch has now become easier. Gone are the days where you had to fill up numerous forms and wait for several weeks for the transfer to happen. 

You can now 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.  So, if you want to transfer your SBI account to a different branch, below is a step-by-step guide on how to do it online.

You can also have the guiding video footage from SBI officially... 

Things to know before you transfer :

This option is available only for savings accounts and is not available for know-your-customer (KYC) deficient and inoperative savings bank accounts. Further, the online transfer process can only be done if your mobile number is registered with the bank and if you have access to Net banking.

Before proceeding online make sure you have the branch code to which you wish to transfer the account to. In case you do not know the branch code, you may click here to get it. (sbi branch locator) If it is still a problem, you can get the information by calling up your branch.

See details of 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 4: Select the account you wish to transfer

Step 5: Now, you will have to write the branch code you wish to transfer the account to.

Step 6: 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 7: Once you click on the confirm button, an OTP is sent to your registered mobile number. 

Step 8: On the next page, input the OTP and click on 'confirm'. 

The message 'Your branch transfer request has been successfully registered' will be displayed.

In step 4, if there is only one account or if you select to transfer all your accounts, the CIF must be mandatorily transferred to the new branch. CIF stands for customer information file and contains details of all accounts of the account holder.

The account number and the CIF remains the same, however the IFSC code (as it is branch specific) will change. If you have provided the IFSC code to other institutions like mutual funds (for dividends etc) or income tax department (for refund), you will have to inform them of the new code. Existing ECS and standing instructions will have to be revised if there is a change in IFSC code.

It may take about a week for the transfer to happen. The new branch name can be viewed after logging in to your Net banking after a week, which will validate that the transfer process is complete.

You may also have the offline process to fill in this form (below) and submit it with necessary KYC documents to your branch and instruct them to transfer their branch of your choice.

ACCOUNT TRANSFER REQUEST

To,                                                                            From: Name:                              

The Branch Manager                                               Address………………………..

State Bank of India                                                    ……………………………………

(Name of the Branch)                                               ……………………………………..              

(Branch Code)                                                          Mobile No.:………………………..

Madam/ Dear Sir,

Request for my /our SB/RD/Term Deposit Account Transfer

A/c No. /No.s…………..

From (Branch Name- Code) to (Branch Name- Code)

1.    I/We hold the above account/accounts with ……………        (Branch Name- Br. code).

2.  I/We request you to transfer the captioned account(s). The new address proof is enclosed/ shall be provided within 6 months at the transferee branch. 

3.   I/We request you to transfer/not transfer the CIF. (applicable where all accounts are not transferred. Where all accounts are transferred or there is only a single account, the CIF will be mandatorily transferred.)

4.   I/We understand that if CIF is not transferred, my Home Branch will continue to remain the same.

            Please arrange accordingly.

      

        Yours faithfully,

    

        

(Applicant’s Name/Names)

Dated: 

images and video courtesy : onlinesbi.co.in

thank you...