How to Add Beneficiary in Indian Bank?

add beneficiary in indian bank

Keeping up with the digital era, the banking system has also been improving and updating itself with the technology. There are methods developed and available in Indian Bank, which allow us to instantly transfer money to a payee having an account in any bank.

Just we need to the beneficiary to that account on which we want to transfer money. you can add beneficiaries in two ways using Indian Bank Internet Banking and Indian Bank Mobile App IndMoney.

How to Add Beneficiary in Indian Bank Using Internet Banking?

Steps to Add Beneficiary in Indian Bank Using Internet Banking:

  • Step 1: Login to your Indian Bank Internet banking account using user ID and password.
  • Step 2: Select “Fund Transfer”.
  • Step 3: Select “Add Payee from the same bank” or “Add payee from a bank other than the Indian Bank.”
  • Step 4: Enter the beneficiary’s details: account holder’s name, account number and the IFSC code.
  • Step 5: Click on “Confirm.”
  • Step 6: Enter the registered mobile number of the payee to authorise a new payee.
  • Step 7: The bank will then notify you that you have added a new payee via a text message. If you haven’t added one and still receive a text, contact your bank ASAP.

The bank takes approximately 30 minutes to confirm the new payee.

How to Add Beneficiary in Indian Bank Using IndPay App?

Steps to Add Beneficiary in Indian Bank Using IndPay App:

  • Step 1: Login to the IndPay app.
  • Step 2: Select “Fund Transfers”.
  • Step 3: Select manage beneficiaries, and you’ll find many options for beneficiaries, choose the one applicable to you.
  • Step 4: Enter the name of the beneficiary.
  • Step 5: Enter beneficiary’s bank IFSC code, and click on verify. The bank name and branch name of the beneficiary will appear on the screen.
  • Step 6: Enter beneficiary’s account number.
  • Step 7: Select the beneficiary’s account type.
  • Step 8: Enter the address of the beneficiary.
  • Step 9: Enter the phone number of the beneficiary.
  • Step 10: Click on the “Submit” button.
  • Step 11: Enter the OTP received to make the final confirmation.

You’ll receive a confirmatory SMS once the beneficiary is added.

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