SBI allows online transfer of savings account from one branch to another

Mumbai: The largest public sector lender in India has come up with a simple way of transferring bank accounts from one branch to another.

Gone are the days of submitting letters to bank branches to facilitate the transfer of savings account. The State Bank of India allows you to do so through its online retail services.

This is how you can transfer your savings account form one branch to another:

1. Login to https://www.onlinesbi.com/ using ID and password.

2. Click on the ‘e-services’ tab on the homepage.

3. The ‘e-services’ page will open. Under the ‘Quick Links’ tab on the left of the page, select ‘Transfer of Savings Account’.

4. You will be directed to a page showing all your accounts. Select the one you want to transfer.

5. Enter the branch code where you want to transfer your account. Once the branch code is identified, the branch name will be updated.

6. Read the terms and conditions and select ‘Confirm’.

7. A page will open illustrating the details of the account you selected, the branch code and the branch name. Verify and select ‘Confirm’.

8. You will receive a high-security one time password (OTP) on your registered mobile number.

9. Enter the OTP and select ‘Confirm’.

10. A green page will appear showing you the transfer details including the account number, the branch you are transferring from and the branch you are transferring to. This implies that the transfer request has been successfully lodged.