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  #1  
February 1st, 2017, 12:04 PM
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Fund Transfer From SBI To Other Bank

I recently opened an account in the State Bank of India and searching for some details related to this bank. Will you please provide me details about Fund Transfer From SBI To Other Bank provide details how many ways available also provide me address and contact details?
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  #2  
February 1st, 2017, 01:18 PM
Super Moderator
 
Join Date: Mar 2012
Re: Fund Transfer From SBI To Other Bank

State Bank of India is an Indian multinational, public sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra

Ways for Fund Transfer From SBI To Other Bank:

1.By Cash

Go to the branch [your bank, if both the a/c s are in the same bank; otherwise go to the person’s bank, whom you want to pay]
Take a deposit slip. In the a/c type for savings a/c, write SB and for Current Account, write CA. In the a/c no. write the a/c no., in which you want to transfer the amount. In the name, write person’s name to whom, you want to transfer / deposit the amount.
Deposit the cash deposit slip, you will get back a cash deposit receipt.

2.By Cheque

In the name, write person’s name to whom you want to transfer / deposit the amount and if available his / her a/c no. in brackets (A/c No. xyz).
Then go to the person’s bank to whom you want to pay and deposit the cheque, against cheque receipt, generally the receipt is not stamped.
If now the person does not have a bank a/c, write the same cheque same way without writing a/c payee and his a/c no. Tell him to visit your bank branch with a photo id card, to withdraw the money. This is done only in the case of small amount money not more than Rs.5,000 and mostly for labourers.

3.By Demand Draft (DD)

Same as cheque. This facility is done only when the specific person to whom you are paying is staying in a remote location, where all the bank’s branches are not there. Pay Order (PO) is done when the amount is less than Rs.50,000 and issued and withdrawn within a state..
4.By credit card

Transfer deposit money into the credit card of the person whom you want to pay.

Contact:

State Bank of India
State Bank Bhavan, Madam Cama Road
Mumbai-400021.

SBI Office Phone Number: +91-22-22029456
SBI Office Fax Number: +91-22-22742431


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