When you want to transfer money from your bank account to another bank account. You should first add the receiver’s bank account as a beneficiary. In this guide, I will tell you the steps you need to follow to add payee or beneficiary in South Indian Bank account.
To add the beneficiary account or payee account you should have access to your internet banking account. What I mean is you should have your SIBerNet User ID and Password. You can add both other bank beneficiaries and the same bank (SIB) beneficiary in your internet banking account.
Once you add the account and it is activated you can start transferring funds from your bank account. But while adding the account you should be very careful about the account details. It is totally your responsibility and not of the bank to make sure the details of the beneficiary are correct.
Steps to Add Beneficiary in South Indian Bank Internet Banking
Please make sure you use the official mobile banking app or the official website of the bank only. You can not add or delete beneficiary accounts using any third-party service on the internet. And you should never enter your login details on any third party websites. Bank With Us is also a third-party website and not an official part of the bank.
- Go to the official website of the South Indian Bank.
- Click on Online Banking and choose existing customers.
- Enter your User ID and Password.
- Solve the security captcha and click on the login button.
- Click on Funds Transfers.
- Select Add or View Beneficiary.
- Select the type of beneficiary.
- Enter the details of the account and verify the same.
- Enter the OTP to complete the process.
Conclusion
This is the process you need to follow to add beneficiary in South Indian Bank. The OTP will be sent to your registered mobile number. For more details, you can call the customer care of the bank on 1800 425 1809. (toll-free)