Canara Bank Net Banking is another most demanded and best feature within the banking industry. Earlier, you need to visit the bank in-person for performing any banking activities. Now, your banking life is easier and simple with the help of the Canara Bank Net Banking feature. Just access the Canara Bank banking portal to complete your entire financial tasks. Customers can easily transfer money to other bank accounts online using net banking and mobile banking facilities. However, it is essential to add or update the receiver’s bank account as a Beneficiary.
You can save or store the particular person’s bank account number by adding as a Beneficiary for future money transfer. It is possible to add a beneficiary account using the Canara Bank Net Banking and Mobile Banking options. It is not required to provide the IFSC code or bank account number for money transfer. You can choose the beneficiary name from the list and just transfer the money to their bank account.
Canara Bank – Adding Beneficiary Account Requirements
Find below the list of requirements for adding a beneficiary account within your Canara bank account:
- Any electronic device such as laptop, desktop, tablet, or mobile phone
- Canara Bank account Username
- Respective Account Password
- Stable & Fast internet connection
- Antivirus software must be installed and running
Canara Bank Internet Banking – Beneficiary Accounts – Different Types
You can find two different beneficiary accounts types available to include in the Canara Bank Net banking facility. The following two types are quite common for the entire banks that are operating in India. It is possible to find those options within the fund’s transfer menu or section on the Internet banking feature. This information is very helpful not only for the Canara bank account but also for other Indian Bank accounts. The two different beneficiary accounts types are as follows:
- Interbank Beneficiary Account
- Intrabank Beneficiary Account
Interbank Beneficiary Account (Other Bank Money Transfer)
It is much easier to add other Indian bank’s accounts as a Beneficiary under your Canara bank net banking account. You need to provide the following details to add an interbank beneficiary account:
- Beneficiary Full Name
- Nickname for future reference
- Existing Bank Account number
- Respective Bank IFSC Code
For this beneficiary account, you need to provide the respective bank IFSC code and also the beneficiary full name. You should be very careful while adding the interbank beneficiary account. There should not be any type of errors while inputting the beneficiary information such as IFSC code, account number, and name.
Intrabank Beneficiary Account (Within Canara Bank)
You need to provide the following details to add an intrabank beneficiary account:
- Account Nickname for future reference
- Existing Bank Account number
It is essential to assign a nickname for any bank account to add within the Canara Bank Net Banking Funds Transfer section. This is another mandatory option for assigning within the Canara bank. Just choose the nickname from the list and input the Canara bank account number for transferring money.
Canara Bank Mobile Banking – Adding Beneficiary
Make use of the Canara Bank Mobile Banking feature for various functions. You can easily add a beneficiary account for transferring money using the IMPS option from mobile banking:
- Access the Canara Bank Mobile Banking app on your mobile phone
- Log in with your account credentials
- Navigate to the Manage Beneficiary section
- This section will allow users to add or remove the beneficiary accounts
- Add the Canara Bank Beneficiary account
Within Canara Bank – Adding Beneficiary
If you prefer for money transfer within your Canara bank account then you can add the Canara bank beneficiary account. It is necessary to input the IFSC code and just need the name and bank account number.
- Choose the option “Within Canara Bank”
- Then, tap the option “Add Beneficiary”
- Now, input the account person name and bank account number
- Press the Submit icon
The process will activate by adding the beneficiary account and allow you for money transfer using the IMPS option.
Other Bank Accounts – Adding Beneficiary
If you prefer to transfer money from your Canara bank account to other accounts then follow the below process. The beneficiary account must list under the “Other Bank Accounts” category.
- First, you need to input the corresponding bank account number and respective IFSC code
- Choose the option “IMPS”
- Then select “Other Bank Account” and tap the option “Add Beneficiary”
- Choose the Account and as well as IFSC option
- Input the IFSC code, account number, and the account person name.
- Then, press the Submit icon
Now, it will add the beneficiary account and get ready for transferring money to the respective account via the IMPS option.
Canara Bank Net Banking – Adding Beneficiary
For money transfer through the Canara Bank Net Banking feature, it is essential to add the beneficiary account. You can transfer money using the following methods: RTGS, NEFT, and IMPS.
- Access the Canara Bank Net Banking app or official website
- Log in with your account credentials
- Navigate to the Fund Transfer section and move on to the Beneficiary Management sub-section
- This section will allow users to add or remove the beneficiary accounts
- Add the Canara Bank Beneficiary account (Other Bank or Canara Bank options)
Within Canara Bank – Adding Beneficiary
- If you prefer to include another Canara bank account (internal) as a Beneficiary
- Then, choose the option “Within Canara Bank”
- Now, input the Nickname, account holder’s full name, and bank account number
- Press the Submit icon
Other Bank Accounts – Adding Beneficiary
- If you would like to include other bank accounts (HDFC, ICICI, etc) as a beneficiary
- Then, choose the option “Transfer to Other Banks”
- Input the IFSC code, account number, and the account person name.
- Then, press the Submit icon by setting the account nickname
Now, it will add the beneficiary account and get ready for transferring money feature. You can transfer money to the respective account through RTGS, NEFT, and IMPS option.
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