Third Party Fund Transfer to another Bank via NEFT
Inter Bank Transfer is a special service that allows you to transfer funds electronically to accounts in other banks in India via NEFT or RTGS
NEFT : National Electronic Funds Transfer
Funds are transferred to the credit account with the other participating Bank using RBI's NEFT service. RBI acts as the service provider and transfers the credit to the other bank's account.
RTGS: Real Time Gross Settlement
The RTGS system facilitates transfer of funds from accounts in one bank to another on a 'real time' and on 'gross settlement' basis. The RTGS system is the fastest possible inter bank money transfer facility available through secure banking channels in India.
No. Only NEFT is available with Dhanalakshmi Bank Net Banking.
Type | Minimum | Maximum |
NEFT | INR 1 | INR 1,00,000 |
Your remittance instructions before cut off time will be processed by the Bank on the same working day and after cuff off time on the next working day.
Please note that the actual time taken to credit the account depends on the time taken by the Payee's bank to process the payment. The money will reach Payee's bank within the time stipulated by Reserve Bank Of India.
NEFT transactions will be sent to RBI based on the following schedule. Here END Time is cut off time for the day.
Day | Start Time | End Time |
Monday to Friday | 00:00 hrs | 18:00 hrs |
Saturday | 00:00 hrs | 12:00 hrs |
NEFT transactions are settled in batches :
- 11hourly settlements from 09:00hrs to 19:00 hrs on weekdays.
- 5 hourly settlements from 09:00 hrs to 13:00 hrs on Saturdays.
Please note that all the above timings are based on Indian Standard Time (IST) only.
The Remitter has to provide the following details:
- Source Account Number
- Beneficiary Name
- The IFSC code of the beneficiary branch.
- Name of the beneficiary bank.
- Beneficiary Brach Name
- Amount to be remitted.
- Account number of the beneficiary.
- Remarks or description, if any.
You can search based on simple search option like IFSC Cide, Bank Name, Branch and City. The IFSC code will automatically be updated in input page. If you know the IFSC code of the beneficiary bank, you can provide it in search directly.
NEFT is enabled only in specific bank branches across India. You can view a list of these branches in the RBI website: http://www.rbi.org.in/scripts/neft.aspx.
Currently, this facility is free of charge.
Steps: Third Party Fund Transfer to another Bank
- You should be an active Internet Banking user with transaction rights.
- Log on to www.dhanbank.com by using your Net Banking ID and Password.
- You need to first Add Payee before doing fund transfer.
- Click on Payee Maintenance option available Under Fund Transfer.
- Select 'Another Bank Account/Credit card' as Payee Type.
- Click Add Payee.
- Enter the beneficiary details.
- Click on Submit.
- Pre-confirmation page will be shown will all details. Then click on “Confirm” after verifying the details entered.
- Enter Transaction Password and then click on Submit.
- Add Payee confirmation Page will be shown to you.
- Click on Third Party Fund Transfer to Another Bank.
- Input page will be shown. The following details to be entered:
- Select the source account.
- Enter sender email id.
- Select beneficiary payee name from the dropdown.
- Enter Amount.
- Enter some message in “Sender to Beneficiary Info” field.
- Read the Terms and Conditions and select the checkbox.
- Then click on “Submit”.
- Pre-confirmation page will be shown with all details. Then click on 'Confirm' after verifying the details entered.
- Enter Transaction Password and then click on Submit.
- Confirmation Page will be shown to you..
Look Up Search
You can search based on IFSC Code, Bank Name, Branch Name and City. Once you submit the search criteria, search results will be populated in the Look Up screen.
There is a 'Select' hyperlink is available in last column of the search result. On click of 'Select' hyperlink, required IFSC Code, Bank Name and Branch Name will be populated in the main screen (input screen) of Fund Transfer.
- Log on to www.dhanbank.com by using your Net Banking ID and Password and click on Fund Transfer option available from top menu.
- You need to first Add Payee before doing Cerdit Card payment through NEFT.
- Click on Payee Maintenance option available Under Fund Transfer.
- Select 'Another Bank Account/Credit card' as Payee Type.
- Click Add Payee.
- Enter the beneficiary details and Credit card number.
- Click on “Look up” and provide IFSC code of Credit Card issuing Bank in the search option of look up window. The IFSC code for the credit card payment though NEFT has to be obtained from the credit card issuing bank. Click on search button. Search result will show record of Credit Card issuing Bank. Click on “Select” in search result.
- IFSC Code, Beneficiary Bank name and Branch Name will be populated.
- Select “Card Payment” as Beneficiary Account Type and then click 'Submit'.
- Pre-confirmation page will be shown will all details. Then click on “Confirm” after verifying the details entered.
- Enter Transaction Password and then click on Submit.
- Add Payee confirmation Page will be shown to you.
- Click on Third Party Fund Transfer to Another Bank.
- Input page will be shown. The following details to be entered.
- Select the source account.
- Enter sender email id.
- Select beneficiary payee name from the dropdown.
- Enter Amount.
- Enter some message in “Sender to Beneficiary Info” field.
- Read the Terms and Conditions and select the checkbox.
- Pre-confirmation page will be shown with all details. Then click on “Confirm” after verifying the details entered.
- Enter Transaction Password and then click on Submit.
- Confirmation Page will be shown to you.
Please remember below points:
- NetBanking facility needs to be enabled for your retail banking account.
- In case you are not registered for the same, please fill the Internet Banking Registration form and submit the duly filled form at your nearest Dhanalakshmi Bank Branch. Please click here to download the form.
- Please ensure the credit card issuing bank is enabled to receive the payments via NEFT prior to effecting the payment at our end.
- The IFSC code for the credit card payment though NEFT has to be obtained from the credit card issuing bank.
- Please ensure that the IFSC code of the credit card is correctly mentioned. If IFSC code is invalid, the transaction may get rejected.
- The NEFT facility is subject to the rules and guidelines of Reserve Bank of India, as applicable from time to time.
- Dhanalakshmi Bank reserves the right not to accept a request for NEFT, without assigning any reason.
- NEFT is RBI Initiative where all the participating Banks have the responsibility of crediting the Beneficiary’s Accounts in various Banks in India.
