Can you tell me if I can transfer Fund through Net Banking of Corporation Bank as I want to check it before starting the facility with my Account in the Bank?

Yes, one can transfer Fund through Net Banking of Corporation Bank.

Fund Transfer

The maximum amount that can be transferred using Funds Transfer option is Rs. 5,00,000/- (Rupees Five Lakh only) per day for retail banking customers.


Own Account Transfer:

This enables transfer of funds from one account of the customer to the other within the same branch or across branches. No OTP is required for own account transfer.


Third Party Fund Transfer:

To affect third party funds transfer, one should have registered the beneficiary at the base branch where the account is maintained or created the beneficiary online.

For creating a beneficiary online, one should have registered the mobile number and the email- ID with the Bank.

Facility to transfer funds to third party accounts within the Bank or across Banks, Funds transfer to other Banks, is facilitated using National Electronics Fund Transfer (NEFT) and Real Time Gross Settlement (RTGS).

Fund transfer through NEFT is done in hourly batches from 8:00 AM to 7:00 PM (Saturdays 8:00 AM to 1:00 PM.) and Fund transfer through RTGS is done on real time basis from 09.00 A.M. TO 04.30 P.M. (Saturdays 09.00 A.M. TO 1.30 P.M.) respectively.


Immediate Payment Services (IMPS):

National Payment Corporation of India (NPCI) has introduced Immediate Payment Service (IMPS) through which funds can be transferred within the Bank and outside the Bank within two minutes time.

By providing MMID (Mobile Money Identifier) of the beneficiary and Mobile No, or by providing the IFSC Code (including Corporation Bank) and the Account No (15 digit Account No) of the beneficiary up to Rs.50, 000/- can be transferred through IMPS.

For third party funds transfer within the Bank or across Banks, a onetime password is sent to the registered mobile number and this should be entered after entering the authorization password.


Credit Card Payment:

This option is used for affecting funds transfer from one’s account towards Corporation Bank Credit Card dues. One can request for payments and also know the current status of payment using the Status enquiry option.

Instalment Payment: One can choose the RD/FRD/Loan Instalment option for payment of the Recurring Deposit (RD). Flexi Recurring Deposit (FRD) instalments or pay the instalments towards the loan accounts online.