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Central Bank of India Fund Transfer

All customers of Central Bank of India can use their online fund transfer service. The online Central Bank of India transfer money service helps customers of the bank to transfer money from their account to anyone in India. Central Bank of India fund transfer service works on mobile phones so that you can easily transfer money from your account to beneficiary’s account in real-time.


Online Central Bank of India transfer money service saves you a lot of time as you don’t have to write a cheque and money can be transferred online. As the entire transfer process works online, you don’t have to submit cheque to beneficiary and they will receive credit in their bank account in real-time. Using Central Bank of India fund transfer service is extremely simple. Just download our app and register your Central Bank of India accounts. After that you can generate a secure banking PIN and use it to transfer funds to anyone in India from your CBI accounts.


Online fund transfer service by Central Bank of India also lets you transfer funds without adding beneficiaries so that you save time and can transfer money as and when required. All transactions performed via our app are 100% safe and secure. Central Bank of India will send you an SMS as soon as the transaction is processed. Similarly, the beneficiary will receive an SMS from their bank confirming the credit.


Central Bank of India transfer money service features:
  1. Real-time fund transfer from Central Bank of India account online
  2. Without adding beneficiary transfer funds
  3. Own account fund transfer for transferring money between your own Central Bank of India accounts
  4. Own account fund transfer across banks supported so you can transfer funds from your Central Bank of India account to account held with any other bank in India
  5. Use fund transfer service 24x7, 365 days a year
  6. Online transfer money facility can be used even on all Saturdays, Sundays, bank holidays and public holidays
  7. You can transfer money to any bank in India
  8. Transfer upto Rs. 1,00,000 per day from your account. This is the maximum limit as set by your bank
  9. Upto 10 transfers per day allowed from your account. This is the maximum limit as set by CBI
  10. No charges for using online Central Bank of India money transfer service
  11. Bank will send an SMS as soon as funds are transferred
  12. Beneficiary will also receive an SMS from their bank, confirming the fund transfer
  13. For transferring funds in real-time from your CBI account to beneficiary’s account, BHIM UPI is used

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How to transfer money from Central Bank of India account online:

  1. Download Cointab app for Android or iPhone
  2. Install app using mobile number which is registered in your Central Bank of India account
  3. Select Central Bank of India for bank account registration
  4. All your Central Bank of India accounts will be registered and activated for mobile banking
  5. Generate CBI banking PIN
  6. Select Transfer Money
  7. Enter beneficiary’s name
  8. Enter beneficiary’s bank account number & IFSC code
  9. Enter amount
  10. Enter your banking PIN (which you generated in the previous step)
  11. Money will be transferred from your Central Bank of India account and credited in recipient’s bank account in real-time
  12. You’ll get an SMS from CBI about the transaction. Recipient will also receive an SMS from their bank

Online transfer of money from your Central Bank of India account is a very simple and quick process and you can use the transfer money service whenever required. Please keep in mind that the maximum transfer limit is Rs. 1,00,000 per day and 10 transactions per day.

Features of Online Money Transfer Service


Money transfer from bank account to anyone in India in real-time

Online Central Bank of India money transfer service enables you to do fund transfer from your account to anyone in India in real-time. It is not necessary for the beneficiary to have an account with Central Bank of India. They can have accounts with any bank in India and you can still do fund transfer in real-time.

Without adding beneficiary transfer money

Typically for online fund transfers you have to register and activate beneficiaries. But using our app you can do quick fund transfer without adding beneficiaries. For initiating fund transfer you only require beneficiary’s account number and IFSC code.

Fund transfer to Self account

One major advantage of online Central Bank of India transfer money service is that you can transfer funds between your own accounts easily. If you have multiple accounts with the bank then you can easily transfer funds from one account to another. In fact even if you have accounts with other banks you can transfer money from CBI account to other bank accounts.

BHIM UPI ID transfer money

Using online Central Bank of India transfer money service you can even transfer money to beneficiary’s BHIM UPI ID. This helps you transfer money without requesting for beneficiary’s bank account number & IFSC code. Once you transfer money, it will be credited in the beneficiary’s bank account which is linked with their BHIM UPI ID. Fund transfer is done in real-time.

Transfer money to mobile number

Using our app you can even transfer money to your friends and family via their mobile number without requesting for their bank account number & IFSC code or BHIM UPI ID. Their bank account which is linked to their mobile number in our app will get credited in real-time after you transfer money to them.

Transaction limit

Transfer limit is upto 10 transfers on a daily basis, upto a total of Rs. 1,00,000. This is the transfer limit as set by CBI.

Zero fees for using online money transfer service

Central Bank of India offers online money transfer service for free of cost so that you don’t have to pay any charge for transferring money from your bank account to any account in India.

24x7 service

Online money transfer service is available 24x7 so that whenever required you can do fund transfer in real-time. This helps you do money transfers without visiting the branch or ATM. This service also works on weekends, bank holidays and public holidays.

Benefits of online transfer money service


Time saving: Using online Central Bank of India transfer money service you can immediately transfer funds to beneficiary, without writing a cheque or withdrawing cash from the branch or ATM. This helps you save a lot of time.

Easy access: Fund transfer service is completely online and can be used 24x7, throughout the year.

Cost saving: There are no fees for using CBI money transfer facility and you can transfer money to beneficiaries as and when required without worrying about transaction charges.

Security: All Central Bank of India mobile banking transactions are 100% secure due to linking of your account on your mobile number and your banking PIN

Multi Purpose: In addition to transferring money to beneficiary, you can also use Central Bank of India money transfer service to recharge your mobile / DTH, pay electricity / gas / credit card bill, buy insurance, book fixed deposit, buy mutual fund, etc.

Central Bank of India Online Money Transfer security

100% security for Central Bank of India Online Transfer Money is ensured in the following ways:

  1. Central Bank of India UPI registration for your bank accounts can only be done on your mobile due to linking of your mobile number with your account
  2. Before using BHIM services, you must create a new secure UPI PIN using your debit card
  3. While performing transactions on your mobile you have to use your Central Bank of India UPI PIN. No transaction will go through without this secure UPI PIN
  4. App password can be created so that no one can even open the app without knowing your app password
  5. PIN or pattern lock can be created for your phone so that no one can open your mobile

Central Bank of India Online Money Transfer Timing

  • UPI services are available on all days, including Saturday and Sunday
  • Advantage of Central Bank of India BHIM is that it can be used at night as well
  • As banking is extremely important in day to day life, you can use UPI facility even on bank holidays and public holidays
  • BHIM services can be availed throughout the year

Online Money Transfer Service Eligibility

In order to use Central Bank of India Online Money Transfer service you must meet the following requirements:

  • A savings or current account with Central Bank of India
  • Mobile number should be registered with your bank
  • Android or iPhone mobile phone
  • Internet connection either via SIM card or WiFi

Limitations of Online Transfer Money Service

Following are the restrictions in Central Bank of India online transfer money service:

  • Your mobile number must be registered in Central Bank of India
  • It requires Android or iPhone mobile phone
  • It will not work without internet connection
  • Transfer upto Rs. 1,00,000 per day per bank account
  • Transfer upto 10 time per day per bank account

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