How can i transfer money from my account to some another 's account?

Question

How can i transfer money from my account to some another 's account?

Answer 1

We are having lot of possible ways,

1. Inter Bank Transfer through NET

    Transfer of funds to  Accounts holding persons in the same Bank

2. Inter Bank Transfer through RTGS

    Transfer of Funds to Accounts holding persons in other Banks

3. PayPal

    Transfer of Funds to anyone even anynation through Paypal. For Registering

    with Paypal you need your Bank's Transactional Code with all details

Lot of facilities are there. Kindly confirm with your Bank for their limitations.

Answer 2

Normally, you write them a check.  If that isn't possible for some reason you can set up a wire transfer, which is a little complicated and does incur fees.  A check is easier.

There is no way to just transfer money from one person to another through the inter-bank system.  You can sometimes set that up if you are both at the same bank, but the requirements vary, and it's not always available.

A check is easier.

Answer 3

you have to connect ur accounts first

at the bank

then u can transfer money

Answer 4

ENABLE THIRD  PARTY FUND TRANSFER FACILITY IN YOUR NET BANKING ACCOUNT .... ONCE ACTIVATED JUST LIKE ANY OTHER TRANSACTION ...... ENTER AC NUMBER AND AMOUNT AND SEND

Answer 5

If you bank at the same institution, you should be able to do this through your online access.

If they bank somewhere else, you're limited to a check or a wire transfer.  Most banks charge, unfortunately, for incoming and outgoing wire transfers.  However, it is usually the quickest way to send and receive money.

PayPal is another option to transfer cash to another person.  You will both need a PayPal account, but it takes a couple of days for the cash to reach their account.