How To Transfer Money From Bank of Baroda in 2021?
Many times it happens to us that we need to transfer money in an emergency. At such a time if the bank is closed or you have gone to bank holiday or bank employee protest
So it becomes very difficult for us to transfer money to any person. In such a time, the most useful thing is online banking.
If you have an account in Bank of Baroda and you have taken internet banking. But till now you have not activated the internet banking of your bank of baroda.
So you can read our article in which we have told that How to login for the first time in Bank of Baroda for Internet Banking?
In this, we have told you step by step how you can activate your internet banking by login first time in internet banking of bank of baroda.
If you have already read our article or you have already activated internet banking. Then you should read this article of ours.
In this article, we will tell you how you can transfer money from Online Bank of Baroda? All you have to do is read this post carefully from start to end.
How to Transfer Money from Bank of Baroda Online?
Friends to transfer money from any bank account to one account. First of all, you have to add Beneficiary to that account.
Beneficiary is called the person from whom you want to transfer money. To whom you want to transfer money.
You have to enter all the details of that person’s account. Such as its account number, bank account name, IFSC code, branch name etc.
How to Add Beneficiary in Bank of Baroda Net Banking
It is very easy to add beneficiary using internet banking of Bank of Baroda. For this, you just have to follow some steps, which we are telling you below.
Step (1) First of all, Bank of Baroda official website But to go, after that you have to click on the option of Retail User.
Step (2) After this, you have to login to your account by entering your User ID and Password.
Step (3) After login to your account you have to go to Fund Transfer. Where you will have many option shows to transfer funds. for example IMPS, NEFT And RTGS.
IMPS – If you use this feature, then you can transfer funds from Rs. 1 to Rs. 50,000 in a day. Using this option, you can send money to anyone in just a few minutes. You can send up to 2.5 lakh rupees every month using IMPS.
NEFT – If you use NEFT then it will work only if your bank is open. This means that only on the day or time when the bank is open, you can take advantage of this facility. If you use the NEFT option at the time when your bank is closed, then your money will be transferred only after the bank opens.
RTGS – If you want to transfer a large amount then this facility is for you. Using this option transfers your money very quickly, you do not have to wait. In this, your money gets transferred within 1 to 2 hours.
You can use any of these three options according to your need. The process of adding beneficiary in all three is the same. In this article, we are going to tell you about transferring money by adding beneficiary through IMPS.
Step (4) After this you have to click on the option of IMPS.
Step (5) After this, there will be an option show of Registered New Beneficiary on your screen, click on it.
Now you have to fill up the details of the account that you want to transfer money to. Such as Beneficiary name, Account number, IFSC code etc.
Step (6) After this you have to click on add beneficiary, after which a message of tracker id will come on the mobile number registered in your bank. You have to enter that tracker id, after that you Approve Have to click on the button
Within 24 hours of adding a beneficiary to your account, that beneficiary will be checked and approved by your bank.
How to Transfer Money Online form Bank of Baroda
Step (7) After your bank approve the beneficiary you have added, you have to come back to the same page again and click on your added beneficiary.
Step (8) After that you add as many rupees as you want to send to the beneficiary you have added.
Step (9) After that if you want to add comments. Like why are you sending that money, then he can put it. By the way, this option is optional if you want, you can leave it blank.
Step (10) Now you just have to click on Pay button. Now you have to enter your user name and transaction password. After which you OK This payment has to be confirmed by clicking on the button.
Your payment will be sent as soon as you click on the OK button. After which, a message of payment successful will show on your screen.
In this way, friends, you can send money to any person easily by using the bank of baroda’s internet banking service right from home.
If you ever have to transfer money to another person. So you have to repeat the same process again.
Every time you want to transfer money to a new person, first of all you have to add that person’s account details as a beneficiary. Then you should do the rest of the process as we have told you in this article.
Also read: How to Change or Update Registered Mobile Number in BOB Account?
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