If you want to transfer funds from your State Bank of India account to any account. Then it is recommended that you add the beneficiary and then do it. Once you add the beneficiary you have to wait for some time for it to get activated.
But what if you have no time to wait and want the beneficiary to be activated instantly?
In such cases, you can use the “Beneficiary Activation by Branch” option in SBI Online. This article will tell you how this works and how you can use this option.
What is Beneficiary Activation by Branch?
This option lets the customers of SBI get the newly added beneficiary account activated instantly. Beneficiary activation by branch comes into use when the customer can not wait till the bank activates the newly added beneficiary account.
How does this work?
The customer has to visit the home branch and fill out a beneficiary activation form. The bank will then check the details of the newly added beneficiary.
If all the details are correct, then the bank will instantly activate the beneficiary account for the fund’s transfer.
When Can I use this Option to Activate the Beneficiary?
This option can be used during bank working hours. So the customers should avoid going to the branch after working hours or on bank holidays.
How to Use this Option?
Go to your home branch and ask for a beneficiary activation form. Fill the form with all the required details and submit the form to the bank.
Now the bank will check the details that you have filled in the form. And if everything is correct, the beneficiary will be activated instantly.
Once it is activated you can transfer funds from your State Bank of India account.
If you wish to delete the beneficiary account once you have transferred the funds. Then you can do that too.
For more information, you can call the customer care of SBI on 1800 425 3800.