How To Transfer Money From Maha Mobile App

How to Transfer Money Through RTGS in Bank Of Maharashtra Online?: All the banks in India are offering net banking facilities for ease of fund transfer using RTGS or NEFT. In this way, a fast transfer of the funds can be made to the beneficiary's account.

There are two types of facilities offered by all the banks to transfer your funds very fast from one account to another account. These facailities are known as Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT).

If the amount to be transferred is having a large value i.e. 2 lakhs and above, preferably RTGS is used, in which the funds are transferred as and when RTGS instruction is received as here the transactions are settled individually. It is preferred for high value transactions. The timings of RTGS are from 9 a.m. to 4:30 p.m. on Weekdays and from 9 a.m. to 2 p.m. on Saturdays.

In NEFT, there is no minimum or maximum limit on funds that are to be transferred. It is preferred for lower to medium range transactions. NEFT is an electronic fund transfer system that operates on a Deferred Net Settlement (DNS) basis which settles transactions in batches. In DNS, the settlement takes place with all transactions received till the particular cut-off time. This is the reason why, in NEFT, the funds do not get transferred immediately but takes few hours for their transfer.

Benefits of Transfer Funds Through RTGS or NEFT Online

You can transfer funds from home or work place using net-banking facility
Fast transfer of the funds
Access anytime, from anywhere
No queues to stand in or wait for
It is a safe & less time consuming way of fund transfer
You don't have to issue a cheque and send it to the beneficiary, which save your efforts
You receive an automatic confirmation of processing of your transaction through SMS and email from your bank as soon as the funds get remitted

Points to Remember for Transfer of Funds Through RTGS or NEFT Online

You need to add payee/ beneficiary in your account to whose account you want to transfer the funds
Originating and destination bank branches should be part of the RTGS/ NEFT network
If you are transferring the funds in any beneficiary's account for the very first time, you must initially transfer a small amount like Rs 100 and get its receipt confirmed by the beneficiary and then make the transfer of balance amount
Verify the amount entered twice before making RTGS/ NEFT
You will get a confirmation of transfer of funds from your bank through SMS or Email
If Bank Of Maharashtra is providing the facility of net-banking, then only you will be able to transfer the funds online through RTGS/ NEFT

How to Add Payee/ Beneficiary in your Account with Bank Of Maharashtra?

If you want to add payee/ beneficiary in your account with Bank Of Maharashtra, you need to follow below mentioned step by step process to add payee/ beneficiary:

Visit the official website of Bank Of Maharashtra
Log on to your account using your user name (customer ID) and password (IPIN)
From "Payments & Transfers" tab, select "Manage Beneficiary" option
Now you need to select Inter Bank or Intra Bank (where beneficiary's account is also in Bank Of Maharashtra) option Payee
Choose "Add Payee" option
Fill in Payee/ Beneficiary's details such as Name, Account Number, Bank Name and IFSC Code in the relevant columns
Tick the "I Accept Terms & Conditions" check box given at the bottom of the page
Click on "Confirm" or "Continue" button
A One Time Password (OTP) will be sent on your registered mobile number as the second layer of security
Enter the OTP to authenticate the registration of the beneficiary
Then the beneficiary will be added
The added beneficiary will be activated in a few minutes/ hours
After the activation of the beneficiary, you can transfer funds to beneficiary's account

How to Transfer Money Through RTGS or NEFT Online from Bank Of Maharashtra?

In order to Transfer Money Through RTGS or NEFT in Bank Of Maharashtra Online, you need to follow below mentioned step by step process to Transfer Money Through RTGS or NEFT Online:

Visit the official website of Bank Of Maharashtra
Log on to your account using your user name (customer ID) and password (IPIN)
From "Payments & Transfers" tab, select "Fund Transfer" option
The new page will list out different options for funds transfer. Select Inter Bank (Transfer to other bank) or Intra Bank (Transfer Within the Bank) Payee through RTGS/ NEFT
Select the Transaction Type: RTGS or NEFT
Choose the beneficiary from the list of beneficiaries existing in your account, to whom you want to transfer the funds
Enter the Amount to be transferred
Write Transfer Description. Try to provide meaningful "Transfer Description" which will help you to keep a good track of your transaction
Tick the "I Accept Terms & Conditions" check box given at the bottom of the page
Click on "Confirm" or "Continue" button
Then the RTGS/ NEFT Fund Transfer will be initiated. It's recommended to print this page or take its screenshot for your future reference

Bank Of Maharashtra Other Operations

Eligibility to Open a Savings Account in Bank Of Maharashtra
Saving Account Document Required in Bank Of Maharashtra
How to Open Saving Account in Bank Of Maharashtra
How to Close Saving Account in Bank Of Maharashtra
How to Transfer Saving Account in Bank Of Maharashtra
How to link Aadhaar Card to Bank Of Maharashtra Account
How to change Address in Bank Of Maharashtra Account
How to Change Signature in Bank Of Maharashtra Account

RTGS Money Transfer in Other Banks (Online)

Allahabad Bank	Allahabad Up Gramin Bank
Andhra Bank	Andhra Pradesh Grameena Vikas Bank
Andhra Pragathi Grameena Bank	Arunachal Pradesh Rural Bank
Assam Gramin Vikash Bank	Au Small Finance Bank Limited
Axis Bank	Bandhan Bank Limited
Bangiya Gramin Vikash Bank	Bank Of Baroda
Bank Of India	Bank Of Maharashtra
Baroda Gujarat Gramin Bank	Baroda Rajasthan Kshetriya Gramin Bank
Baroda Up Gramin Bank	Bharatiya Mahila Bank Limited
Bihar Gramin Bank	Canara Bank
Capital Small Finance Bank Limited	Catholic Syrian Bank Limited
Central Bank Of India	Central Madhya Pradesh Gramin Bank
Chaitanya Godavari Grameena Bank	Chhattisgarh Rajya Gramin Bank
City Union Bank Limited	Corporation Bank
Dcb Bank Limited	Dena Bank
Dena Gujarat Gramin Bank	Dhanalakshmi Bank
Ellaquai Dehati Bank	Equitas Small Finance Bank Limited
Esaf Small Finance Bank Limited	Export Import Bank Of India
Federal Bank	Fincare Small Finance Bank Ltd
Gramin Bank Of Aryavart	Hdfc Bank
Himachal Pradesh Gramin Bank	Icici Bank Limited
Idbi Bank	Idfc Bank Limited
Indian Bank	Indian Overseas Bank
Indusind Bank	Jammu And Kashmir Bank Limited
Jammu And Kashmir Grameen Bank	Jharkhand Gramin Bank
Karnataka Bank Limited	Karnataka Vikas Grameena Bank
Karur Vysya Bank	Kashi Gomti Samyut Gramin Bank
Kaveri Grameena Bank	Kerala Gramin Bank
Kotak Mahindra Bank Limited	Langpi Dehangi Rural Bank
Laxmi Vilas Bank	Madhya Bihar Gramin Bank
Madhyanchal Gramin Bank	Maharashtra Gramin Bank
Malwa Gramin Bank	Manipur Rural Bank
Meghalaya Rural Bank	Mizoram Rural Bank
Nagaland Rural Bank	Narmada Jhabua Gramin Bank
North East Small Finance Bank Limited	Odisha Gramya Bank
Oriental Bank Of Commerce	Pallavan Grama Bank
Pandyan Grama Bank	Paschim Banga Gramin Bank
Pragathi Krishna Gramin Bank	Prathama Bank
Puduvai Bharathiar Grama Bank	Punjab And Sind Bank
Punjab Gramin Bank	Punjab National Bank
Purvanchal Gramin Bank	Rajasthan Marudhara Gramin Bank
Rbl Bank Limited	Saptagiri Grameena Bank
Sarva Haryana Gramin Bank	Sarva Up Gramin Bank
Saurashtra Gramin Bank	South Indian Bank
State Bank Of Bikaner And Jaipur	State Bank Of Hyderabad
State Bank Of India	State Bank Of Mysore
State Bank Of Patiala	State Bank Of Travancore
Suryoday Small Finance Bank	Sutlej Kshetriya Gramin Bank
Syndicate Bank	Tamilnad Mercantile Bank Limited
Telangana Grameena Bank	The Nainital Bank Limited
Tripura Gramin Bank	Uco Bank
Ujjivan Small Finance Bank Limited	Union Bank Of India
United Bank Of India	Utkal Grameen Bank
Utkarsh Small Finance Bank	Uttar Banga Kshetriya Gramin Bank
Uttar Bihar Gramin Bank	Uttarakhand Gramin Bank
Vananchal Gramin Bank	Vidharbha Konkan Gramin Bank
Vijaya Bank	Yes Bank
Zila Sahakari Bank Ltd