how to add beneficiary

7/25/2019 How to Add Beneficiary

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Add Benefici

Banking

Transfers and Payments

To register beneficiary, follow the below steps:

STEP 1: After login into Net Banking, click on Banking

STEP 2: Click on Transfers and Payments

STEP 3: Click on How to Add/Manage Beneficiaries

STEP 4: Click on Add a Beneficiary

STEP 1

STEP 2

Add/Manage Beneficiaries STEP 3


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Enter beneficiary deta

Only 2 are mandatory

Add Benefici


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Check the details and click on Confirm Beneficiary`

Add Benefici


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After successful beneficiary registration, Transfer Type needs to be added

Add Benefici


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Select the registered beneficiary and click on Add a Tra

Add Tra


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Choose the Transfer Type`

Add Tra


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Add Transfer T

Enter beneficiary accoun

Click on Lookup Bank/Br

Lookup IFSC Code` link t

beneficiary bank details


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Add Transfer T

Search be

details ei

1. IFSC or

2. Bank n

Sele

bene

click


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Add Transfer T

Verify the beneficiary account details

and click on Confirm`


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Add Tra

Congratulations!

You have successfully registered t

A 10 digit numerical Beneficiary Ac

will be sent on preferred mobile n


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Activate Tra

To activate, select the beneficiary and click on 'Activate' for the Transfer type and then enter the activation key that you will receive on you

Alternatively, you can forward the complete activation key SMS you received to 9971056767 / 5676788 from your preferred mobile or

Call up our 24 hour Customer Contact Centre at 1800 102 602 (India toll-free), for beneficiary activation


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Activate Tra

Enter Beneficiary Activati

on preferred mobile numb

If Beneficiary Activation Key is not

click on Generate another Activatio


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Activate Tra

Check the details and click on Confirm Activation


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Activate Tra

Beneficiary Transfer type is successfully registered


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Impor

Maximum of 5 beneficiary transfer types can be activated in 1 day. To register m

beneficiaries, please visit the nearest branch

You can transfer maximum Rs. 50,000 to a new beneficiary transfer type for 24

after beneficiary activation. You can do a RTGS transaction only after 24 hours

of beneficiary transfer type activation

You also have the option to view and modify Net Banking transfer limit. You can modify the Transaction and Daily Limit using Manage Transfer Limits` f

Detailed explanation In the next screens.


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Manage Tra

Select the beneficiary and click on Manage Transfer Limits`


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Manage Tra

Select the Transfer Type and change the transfer limit.

The transfer limit can be reduced or increased up to the default limit set by the

Rs. 5 lakh is default transfer limit for each transfer type i.e. another Kotak bank

Rs. 2 lakh is default transfer limit for IMPS & Demand Draft transfer type


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Manage Tra

Verify the details and click on Confirm`


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Manage Tra

Transfer limit change request is proces

how to add beneficiary

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