How to transfer money without adding beneficiary ?

Hey,

These days everyone prefers to transfer money online. We shop online on e-commerce websites, and pay for our transportation online on Ola and Uber. Sometimes, we don't have the time to add a beneficiary, so the money transfer needs to take place instantly. I will tell you how to transfer money without adding beneficiary right here.

I think you need to add a beneficiary's account details to make any transfer including IMPS and NEFT. Only for  IMPS transfers using MMID, you don't need to add a beneficiary. The maximum amount which can be transferred is Rs. 50,000 per transaction per day without having to add a beneficiary.

• You can transfer money on the SBI Net Banking portal or app.

• You will need to sign in with your credentials. 

• Click on the 'Payments/Transfers 

• Then choose Quick Transfer (Without Adding Beneficiary)

• Select the account from which the funds will be deducted 

• Fill in all the required details

• Click on 'Submit'

Another way to transfer funds without adding beneficiary is using the BHIM UPI ID transfer money option. This way you can transfer any amount, even one rupee without requesting for beneficiary's bank account number & IFSC code.

This is all from my end on how to transfer money without adding beneficiary.

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