How to do Fund Transfer in IOB Net Banking

By | January 10, 2018

With 3400+ domestic branches, IOB comes to the list of top public sector banks of this country. Over the past 80 years, they have successfully managed to enlarge their customer base. IOB has always updated their technologies according to the need and growth of the industry and just like all other major banks they are also providing online banking service that too in a better and more dedicated way through fund transfer in IOB Net Banking .

fund transfer using net banking

In this article we will learn about the money transfer process of IOB in few simple steps.

 Transfer Money through IOB Net Banking:

India Overseas Bank has its own in-house ISO certified Information Technology dpt. which is responsible for the virtual transactions and other banking operations. Their successfully launched, easy to use and very secure web/mobile app has attracted thousands of customers.

Fund transfer through internet banking can place between any of the following accounts

  1. IOB Accounts
  2. Other Bank Accounts

So please select the respective option as per your actual requirement while following the process described below.

Step 1: Open your browser and go to www.iobnet.co.in

Step 2: A page having some security tips will appear, click on the Continue button below.

Step 3: Log in to your account.

Step 4: Click on the Remittance option in the upper menu bar.

Step 5: You will see different money transferring related options in the left sidebar. Click on the Fund Transfer. Click on IOB Account or Other Bank IMPS – 24X7 – upto 2 Lakhs.

Step 6: After the IMPS page loads, click on the Pay From and choose your account. Provide the transferring account number, amount to be sent and remarks too.

Step 7: Hit the Proceed button.

Step 8: You will receive an OTP to the linked mobile number. Enter it to the Fund Transfer Pin section and hit the Transfer Fund button. In case you haven’t received any OTP you can click the Resend OTP button to give it another try.

Step 9: It is recommended to download the receipt if needed for documentation.

Step 10: Make sure you have logged out safely.

  • Note: Before you start transferring to a new payee, you must add the payee first. It takes some hours to activate the payee for transferring funds. Once you have added and activation has been done successfully, you can instantly transfer anytime in the future.

Hope you have no confusion regarding this IOB online money transfer process, if there is any problem just comment below, we will try our best to sort it out.

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