A beneficiary account in banking refers to the receiver’s bank account. Whenever you wish to transfer money from your bank account you need to add the receiver’s bank account as a beneficiary. But there is an option to delete the account once the transfer is done. In this article, I will walk you through the process to delete beneficiary account from SBM Bank Internet banking.
The process is really simple and it won’t take more than 2 minutes of time. All you need to have is access to your Internet banking account and a proper device to access the service.
Now you might have a question in your mind. And that would be will you be allowed to add the same account again in the future after you delete it now?
And the answer to this question is Yes. You can add the same beneficiary account in SBM Bank in the future whenever you wish to. The bank will not block you from doing so.
- Visit the official website of SBM Bank India and log in to your Internet banking account.
- Click on “Transfer Funds” and then on “Delete Beneficiary”.
- Now select if the beneficiary account you want to delete is an SBM Account or Other Bank Account.
- Choose the beneficiary name from the drop-down menu and click on the “Submit” button.
Conclusion
If in case you don’t want to use the Internet banking service of the bank to delete the beneficiary. Then you can make use of the official mobile banking app of the bank. The process almost remains the same. If you need more help then you can call the customer care of the bank.