Modify SBI Inter-Bank Beneficiary For RTGS & NEFT

To complete an online money transfer using RTGS or NEFT through your State Bank of India (SBI) net banking account, the first step is to add an Inter-Bank Beneficiary. Once the bank activates the beneficiary, you can begin transferring funds.

Today, I will explain how to create, modify, and delete an SBI Netbanking Beneficiary.

The beneficiary option in net banking allows users to securely and efficiently transfer funds to other bank accounts by pre-registering them as recipients.

However, mistakes can happen from the customer side. Anil Kumar, an SBI bank PO, said, "Many customers make mistakes such as entering incorrect beneficiary details during the setup process."

Anil Kumar continued, "SBI allows customers to edit the beneficiary details. Customers can change the IFSC Code of Beneficiary in SBI Netbanking and even the account number."

This article explains how to modify or delete a beneficiary in your SBI account in just a few minutes. The same procedure also applies if you receive a notification that you've reached the maximum number of beneficiaries while trying to add a new one.

I will explain the complete process of creating a new SBI Netbanking beneficiary.

1. Visit the SBI Net Banking login page.

   https://retail.onlinesbi.com/retail/login.htm
   

   Click the button 'CONTINUE TO LOGIN'.

2. Enter your Net Banking username and password to log in.

3. Click on the 'My Accounts & Profile' from the top menu. Click on 'Profile' from the drop-down menu.

   

   Click the 'Manage Beneficiary' button to proceed to the beneficiary management section.

4. Enter your Profile Password. SBI will prompt you to enter your profile password. After entering the profile password, click the Submit button.

   

   Choose the Beneficiary Category.

   1. Inter-Bank Beneficiary (for non-SBI accounts)

   2. Intra-Bank Beneficiary (for SBI accounts)

5. Click the 'Add' button to register a new beneficiary account.

   

   While adding the beneficiary, you can set the maximum transfer limit for a single transaction. If you wish to modify this limit later, click the 'View' button next to the 'Add' button. It will allow you to update the limit as needed.

You have learned how to add inter-bank beneficiaries in SBI Personal accounts.

Rahim Abdulla, a reader of CoreNetworkZ Tech Solutions, asked if there are restrictions in adding beneficiaries to his savings account.

There are limits to the number of beneficiaries you can add. Recently added beneficiaries may have limited transaction amounts during the first few days.

I recommend you read this official document from the State Bank of India regarding the restrictions in adding, modifying, and deleting beneficiaries.

A few readers asked if they could change the details of a beneficiary already approved by the SBI. Aswathi Perumal, a housewife from Chennai, asked, "Hello Alex, I saved the wrong address while creating a new beneficiary. Can I change it?"

We can edit the beneficiary details at any time. Let me explain the steps here. Follow the previous instructions until step 5.

Click the Modify link and edit the beneficiary details like address, IFSC code, and other bank account details. You can tap the 'Show Details' button to view the beneficiary details.

Bijoy Gauda, a marketing executive from Mangaluru, asked, "My SBI personal account has too many previous saved beneficiaries. Can I remove them myself?"

You can remove it if you no longer need to keep a beneficiary in your SBI net banking account.

I suggest you follow the instructions until step 5.

Click the Delete button and choose the beneficiary you want to remove. Follow the instructions to complete the process.