How to Transfer Money From Canara to Other Banks online

Banks have been the ones provided in this world that have made business secure and simple. There are many banks all over the world that are providing various services to people worldwide that include cash deposits, loan services, money transfers, etc. These are very popular services all over the world.

These services have made the lives of people easier. When you live far away from your family and you want to transfer some amount of Christmas or some other festivals, you look for the fastest way of doing that and that is why there are many facilities that the banks provide.

These facilities are expected to be very popular among customers all over the world. Money transfer is one facility that is very popular. It enables people to transfer money from far places to their homes. Canara bank is one of those banks that are known for their services all over the world. There are many instances in life when you really want to make the best. You want to send money to your son studying far away from your hometown and the bank is closed that day.

Read: IDBI Net Banking: Transfer Money to Other Banks

What do you going to do? Will you just wait till it opens the next day or uses the money transfer option online? The latter one will be chosen by most of us. We all care for our near and dear ones and that is why these services are the best in the business. There are also other facilities in this bank.

Sending money is very popular all over the world and via the internet, but can you send money via the Internet to some other bank account? Well! This is very much possible in the Canara Bank. You can now transfer money to any bank from your account in the Canara Bank.

These are very trendy services all over the world and there are many people who are looking for these services all the time. Money is very vital for all of us and we all know that there are times when we need cash and look for the fastest way to get it from a friend or family and that is when these services are very handy.

Canara Bank has introduced these services through which you can easily get the amount transferred via banks to any other bank account. It is very simple for you to transfer money Canara bank to other banks via internet banking. There are countless people who are using these facilities to transfer money to banks like State bank of India, Punjab national bank, Hdfc bank, icici bank, Union Bank, IDBI, and other banks of India.

• The first step is to activate your net banking system
• This can be done by calling customer care or by filling up a form
• Once these things are done, link the other bank account to your account
• Fill up the necessary information and also the password
• Then get the transaction done
• You will receive a message in your registered mobile number and your registered email id
• To make your understanding simpler let’s find out the stepwise procedure to avail of NEFT or National Electronic Funds Transfer in Canara Bank

How to Activate Canara Net banking:

1. First, download the application from the website https://www.canarabank.in
2. Mention the types of facilities that you want to avail such as the Inquiry facility, View facility, and Funds transfer facility.
3. Then submit the application to the branch: A password and user ID will be issued to you.
4. Once the registration process is done, the next thing is to log in. Log in to www.canarabank.in and go to the Net banking section.

Adding Beneficiary in Canara Net banking account:

To initiate a fund transfer, you need to add the beneficiary account and the details that are required the Account number.

Name
Bank
Branch
IFSC code

Check out how to add a beneficiary in Canara net banking account

Once the beneficiary account is added then you can transfer the amount to that account.

Steps to transfer Fund From Canara to other banks online:

1. First, visit https://online.canarabank.in/ and log in to your net banking account by entering your user id and password.

2. First, click on ‘payments‘ and then click the ‘transfer‘ option from the sidebar.

3. To transfer money to other banks, select NEFT or RTGS. Here I am selecting NEFT and making a new payment as shown in the image below.

4. Enter any numeric value as a reference and select your own account in the source account.

5. Next, you have to fill in beneficiary details. As you have added beneficiary accounts in previous steps. Now search that beneficiary name and select it. All beneficiary details will be filled in automatically.

6. Further, you need to enter the amount and select currency. Now select the purpose and description of the transaction, then click the “save and submit” button. Save it as a template with some related name to make future transactions easy.

7. Finally, confirm the transaction by entering the transaction password and OTP password that will be sent to your registered mobile number. Your payment will be sent successfully, just save the reference number.

In the first transaction, it will take some time or even a day to get registered. The next transaction will be fast.

These are some of the steps that will help you to get connected with the NEFT system. NEFT is a very popular service among the people. There are many benefits to using this service. Sometimes getting the funds transferred into a bank can be very hectic and long queues can actually be tiresome.

Also in case of an emergency, it is very much essential that you use NEFT to transfer money ASAP. You can do this transfer at any time and form, anywhere and that is why these services are so popular among people.

Canara banks have been doing some of the best services in the banking sector. The main aim to provide excellent customer service has been achieved and that is why the bank is quite popular all over the country.