How to Transfer SBI Account from One Branch to Another Branch?

Transferring your SBI savings account is one of the basic requirements of an individual. When you change your residence or move to a new place, you would need to transfer your branch to another branch.

Transferring your account from one branch to another just got easier and convenient. You can initiate the transfer of the bank branch using online banking.

In this article, we will discuss How to Transfer SBI Account from One Branch to Another Branch, online, offline, etc.

Table of Contents

Transfer SBI Account from One Branch to Another Branch

You can transfer your account from one branch to another using both online and offline means-

Online

You can use both the mobile banking app and net banking portal for accessing the online branch transfer services. The following are the step by step guides on how to transfer SBI account from one branch to another-

SBI YONO

For using the account transfer method using the SBI YONO app, you have to open the SBI YONO app and login into your account using your login credentials
After logging in, navigate to the services tab and click on the ‘Transfer Savings Account’ tab
Now, select the savings account you want to transfer followed by providing the bank IFSC Code and branch code for the branch where you want your account to get transferred
A pop-up will appear where you have to enter confirm button
After clicking on the confirm button, you have to review your request one final time followed by clicking on the submit button
Your request for SBI branch change is registered and your account will b transferred from one branch to other.

SBI YONO Lite

For using the account transfer method using the SBI YONO lite app, you have to open the SBI YONO lite app and login into your account using your login credentials
After logging in, navigate to the services tab and click on the ‘Transfer Savings Account’ tab
Now, select the savings account you want to transfer followed by providing the bank branch and IFSC Code for the branch where you want your account to get transferred
A pop-up will appear where you have to enter confirm button
After clicking on the confirm button, you have to review your request one final time followed by clicking on the submit button
Your request for SBI branch change is registered and your account will b transferred from one branch to other.

SBI Net Banking

Visit the official website of the SBI Net banking portal and login using your login credentials
After logging in, navigate to the e-services tab and click on the ‘Transfer of savings account’ button
Now, select the account you wish to transfer, you can select various accounts like Sukanya Samriddhi Account, PPF account, etc. if you only have one account under your CIF number then by default your savings account number will be selected
After selecting the account you want to transfer, you have to mention the bank branch code and IFSC Code where you want the account to be transferred followed by accepting the terms and conditions
After submitting the request, you’ll be displayed the details which you have checked followed by clicking on the confirm button
After clicking on the confirm option, an OTP will be sent on your Registered Mobile Number which you have to enter in the relevant field
After successful verification of the OTP, your account will be registered by SBI for account transfer

Offline

The offline method is a traditional method using which an account holder can transfer his/her bank account from one bank branch to another. The following are the step by step instructions on transferring the bank branch from one account to another-

Visit your SBI Bank branch where your account is currently operating from.
Now, ask the bank representative for the account transfer form and fill the form with correct details
Make sure you mention the bank branch code and IFSC Code of the bank on your form
After filling the account transfer form, you have to submit the form along with your PAN Card, Aadhaar card, and an application requesting for transfer of your CIF Number and Account number to a new bank branch
After verification of the transfer request, your account will be registered for transfer and you’ll be notified about the account transfer using your mobile number

Format For Writing The Application For Requesting For Account Transfer

The following is the written application format that you have to follow-

To,
The Branch Manager,
(Name of the Branch),
(City Name)

Subject: SBI Account Transfer application: (Account Number) from (Old SBI Branch Name) to (New SBI Branch Name).


Respected Sir/Madam,
I hereby wanted to transfer my Savings Account-( Ac/No.) with CIF No.-(CIF Number) from your branch-(Old SBI Branch Name and branch code) to the (New Bank branch with branch code). I have attached my self-attested KYC Documents and transfer request form along with this application. 
I request you to kindly consider my application and transfer my bank account from your bank branch to the new bank branch. 

With Regards,
(Your Name)
(Your Signature)

FAQ

Can I transfer the SBI Bank account from one Branch to another?

Yes, you can transfer your bank account from one branch to another by using various methods like SBI YONO, SBI YONO lite, and net banking method. Apart from online means, an account holder can also request for account transfer using offline means.

Does IFSC Code change with the new bank branch?

Yes, each bank branch has their own IFSC Codes which is used to facilitate the payment transfers from one account to another. With a new bank branch, your IFSC Code will also change.

Does the Account Number change with the new bank branch transfer?

No, your account number will remain the same only your IFSC Code, MICR code, and branch code will be changed to the new bank branch.

What to do After Transfer of Account is Successful?

After successful transfer of your bank account from your old branch to the new one, you have to request for new SBI passbook and a new SBI Cheque Book with updated IFSC Code and branch code.

How many days it will take for the bank account to get a transfer from one branch to another?

It might take a week or so for the transfer request to be processed, you can contact the SBI Bank branch or use the SBI customer care to keep track of your bank transfer status.

Does the SBI bank charge fee for the account transfer from one branch to another?

No, the bank does not charge any fee for bank account branch transfer, however, for applying for a new cheque book and passbook, you’ll have to pay charges for them.

Will my banking operation will be affected if I transfer my account?

Yes, your banking operation might get affected because your old account will be closed and you’ll be allotted a new bank branch. This transfer might bring some discrepancies in the banking services.

Shiv

I’m Shiv Kumar, a graduate with a passion for finance, marketing, and technology. My journey into finance started with a desire to understand money management and investing.

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