Organization :Citi Bank India
Facility : Online Funds Transfer
Home Page : http://www.online.citibank.co.in/products-services/online-services/imps.htm
Citibank Online Fund Transfer
Citibank allows you to electronically transfer funds online, at your convenience, to a person with an account with any bank in the country.
Related / Similar Facility :
Citi Bank e-Payment of Personal Loan EMI
Citibank List of All Facilities
Top reasons to use Online Funds Transfer :
** It’s free
** It’s quick and hassle-free
** It can be done at the convenience of your home/workplace
Citibank Offers 3 Modes of Online Funds Transfer :
** NEFT
** RTGS
** IMPS
NEFT :
** Recommended when fund transfer is scheduled and planned.
** When you want your transaction to be processed before 5.30 pm on weekdays (and 11.45 am on Saturdays).
** When there is no minimum or maximum amount you want to transfer.
RTGS :
** When you want to transfer funds with minimum delay.
** When you want your transaction to be processed before 3.30 pm on weekdays (and 12.30 pm on Saturdays).
** When the minimum amount is Rs2,00,000.
IMPS :
** When you want to transfer funds immediately from your mobile phone or online.
** When you want to transfer funds outside bank working hours. IMPS is available 24×7.
Getting Started :
NEFT / RTGS :
** If you are making a fund transfer for the first time, you will be required to register the beneficiary / payee.
** Login to Citibank Online.
** Provide details of the destination account number, city and the amount to transfer. For NEFT / RTGS transfers provide details of the beneficiary bank, branch and location or alternatively provide the IFSC code, to identify the destination branch.
** Citibank will send you a one-time use six digit OAC (Online Authorisation Code) to the mobile number as updated on your account with us.
** Use this OAC to authorise your payee registration.
IMPS
** If you are making an IMPS fund transfer for the first time, you will be required to register the beneficiary / payee.
** Login to Citibank Online and provide the details of the beneficiary’s account number and IFSC code. To transfer funds using the beneficiary’s mobile number, provide the beneficiary’s Mobile number and the seven-digit Mobile Money Identifier (MMID) number.
** Citibank will send you a one-time use six digit OAC (Online Authorisation Code) to the mobile number as updated on your account with us.
** Use this OAC to authorise your payee registration.
** Using the Citi Mobile App, you can also do a one-time transfer* using IMPS to a payee not registered on Citibank online.
How To Transfer :
NEFT / RTGS :
** If you are making a fund transfer for the first time, you will be required to register the beneficiary/payee.
** Login to Citibank Online
** Provide details of the destination account number, city and the amount to transfer. For NEFT / RTGS transfers provide details of the beneficiary bank, branch and location or alternatively provide the IFSC code, to identify the destination branch