How to Add payee and beneficiary on IOB Net Banking

If you want to transfer the money to any other bank account through online banking you must add the receiver detail of the bank account in your internet bank account. Then only you can Transfer the money to your receiver account. Once you add the Bank detail it will take a minimum of 1/2hours to transfer the amount. It will vary for every bank. Once you add the bank detail you will transfer the money to NEFT, RTGS, IMPS.

NEFT is free of charge you can transfer the money to anyone but it will take time to credit the amount in the receiver account. RTGS has some charges on transferring money above the particular limit. IMPS has the percentage of charge in transfer money.

How to add the Payee in your IOB Internet Banking:

Login to IOB Net banking with Username and Password.

After login select Remittances -> Add Payee -> IOB Account [or] Other Bank Account.

The message will display on the Screen click the Submit button to the next screen.

Now enter the Beneficiary Name, Account Type, Account Number, Repeat Account Number, and IFSC Code.

Now click the continue button to confirm the detail and give Fund Transfer PIN and OTP Number to complete the process.

After 4hour you can transfer money to that particular payee.