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How to Transfer Money Online Within One Minute

Recently, I paid Rs. 50,0000 online within one minute. Like you, I was thinking that for this, I need to create beneficiary. For this, I have to wait 24 hours. But thanks God to my bank which has made new facility. Today content to explain this new feature.




First of all, I do not know whether this facility is available in your online bank account or not. But it is sure, I have created beneficiary within second and I have transferred money two times to two new beneficiaries with  in one minute.

Process is very simple. Just open your bank account online. Click to transfer fund option. Now, create beneficiary by writing the bank account to whom you want to pay. There will be 4 option for this. One is transfer from your one bank account to another bank account. Second is transfer from your bank account to other bank account within same bank. Third is transfer from your bank account to other bank account outside your bank. In third, you will can use NEFT upto Rs. 2,00,000 transfer. For more than Rs. 2,00,000 transfer, you should apply 4th option.

Now, you will get a code in your mobile no., wording will be following:

You have added TPT payee _____________ in IBS. Confirm with secured URN ___________. Do not disclose URN. If not added, reported on our bank's phone no.

Now, same page where you have added the beneficiary, you will see confirm beneficiary option. Click this and add URN no. which you get on your mobile no. Now, click the new transaction. Write the money which you want to transfer. Validate it with your transaction password. Now, you will get the message that you have succeeded to transfer money.

Related : Traditional Banking Vs E-Banking 

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  1. I consider you have created some genuin points with useful information. I must thank you for sharing the post. online remittance

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Accounting Education: How to Transfer Money Online Within One Minute
How to Transfer Money Online Within One Minute
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Accounting Education
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