Sending money via net banking and IFSC is not so hard as it seems to be. It is very simple to set up. Here are some modes through which you can transfer money through IFSC code:
You can transfer money if you have IFSC code even through SMS. Here are the steps to do so.
You will need to register your mobile number for mobile banking and linking it to your account. In case if you are doing this for the first time then you will get a starter kit which mainly consists of MMID (Which is a 7-digit code) and mPin.
To send money you will need to compose an SMS in your mobile as ‘IMPS’ followed by the account number of the beneficiary account number, IFSC and the money you want to send. Once your transaction is done you will get a confirmation SMS where you will need to enter your mPin. Just enter the pin and press OK and you are done.
The smartphone apps can do anything these days. Banking has been become so much easier because of the mobile apps launched by different banks. With the help of apps, you can also send funds to the beneficiary. Here is a walk-through to do so.
Firstly, you will need to have activated Net banking for your bank account. Now download the net banking application of your personal bank. You can get these apps on the app stores of your OS. Just open the app and enter your security credentials like customer ID and pin.
Now navigate to option of transfer funds through NEFT. If you have not added a beneficiary to your account, then you must add them for future transactions. And for this, you can simply enter their details like beneficiary name, IFSC code, Account number and bank branch. The beneficiary account will activate between 10 minutes to 12 hours depending on the policy of your bank.
Once you have successfully registered the beneficiary, you can send them money through NEFT or RTGS.
These are the two of the easiest methods through which you can e-transfer money with the help of an IFSC code.