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As a mid-sized public sector undertaking, Indian Bank has a strong domestic presence and footprints overseas in Singapore, Colombo and Jaffna.
Founded in 1907 and headquartered in Chennai, the bank has an asset base of ₹626,005 crore ( FY2022).
The government of India is the majority stakeholder with ownership of 79.86% (2022). Indian Bank amalgamated with Allahabad Bank with effect from April 1, 2020.
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Indian Bank net banking comprises an exhaustive portfolio of solutions which are broadly classified into three categories namely:
Indian Bank transfer money service is available to all customers who have an account with the bank.
Using this PIN you can transfer funds to anyone in India from your Indian Bank account.
This is particularly useful if the beneficiary also uses a BHIM UPI app wherein without requesting for beneficiary’s account details you can directly transfer money to their BHIM UPI ID. In such cases, money gets credited in the account which is linked with their BHIM UPI ID.
Another way to transfer money is via mobile number. With the help of our app you can easily transfer money to your friends and family without requesting for their account number + IFSC code or BHIM UPI ID. When you transfer money to a mobile number, money gets credited in the beneficiary’s bank account which is linked to their mobile number in our app.
To avail the services you need to register for Indian Bank net banking through self registration process which is available for single account holders only.
In case of joint account holders and current account holders, you need to visit your nearest branch.
Alternatively, you can also avail the internet banking services through your ATM or physical visit to the nearest bank branch.
The permissible threshold fund transfer amount from your Indian Bank netbanking account is pegged at ₹1,00,000 per day.
Besides, only 10 transfers per day are permissible from your account.
The online fund transfer service is absolutely free.
Open a FREE*
Demat + Trading account and enjoy
Zero commission* on Mutual Funds and IPO
₹20* per order on Equity, F&O, Commodity and Currency
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