Malwa Gramin Bank Logo

Malwa Gramin Bank Fund Transfer

Malwa Gramin Bank transfer money service is available to all customers who have an account with the bank. Using this facility customers of Malwa Gramin Bank can instantly transfer money to anyone in India. Fund transfer can be directly initiated on mobile phone and money will be deposited in beneficiary’s account in real-time.


With the help of online Malwa Gramin Bank fund transfer service you can send money to anyone without writing a cheque. Just by downloading our mobile app, you can add your Malwa Gramin Bank account and generate a secure mobile banking PIN. Using this PIN you can transfer funds to anyone in India from your Malwa Gramin Bank account.


Fund transfer can be initiated without adding beneficiary in your Malwa Gramin Bank account. All transactions are 100% safe and secure and you will instantly get SMS from Malwa Gramin Bank about the transaction. Recipients will also receive SMS from their bank after money is credited in their bank account.


Following are the features of online Malwa Gramin Bank transfer money service:
  1. Real-time money transfer from bank account
  2. Transfer money without adding beneficiary
  3. Transfer money between your own Malwa Gramin Bank accounts - from one account to another account
  4. Transfer money between your own accounts in other banks - from Malwa Gramin Bank account to other bank account
  5. Online Malwa Gramin Bank money transfer can be done 24x7, 365 days a year
  6. Funds can be transferred on all Saturdays, Sundays and even bank & public holidays
  7. Money transfer from Malwa Gramin Bank to all banks in India supported
  8. Transfer upto Rs. 1,00,000 per day from your Malwa Gramin Bank account. This is the maximum limit as set by Malwa Gramin Bank
  9. Upto 10 transfers per day allowed from your account. This is the maximum limit as set by your bank
  10. No charges for online Malwa Gramin Bank money transfer service
  11. Instantly receive SMS from Malwa Gramin Bank once transfer is initiated
  12. Recipient receives SMS from their bank once funds are credited in their account
  13. Funds are transferred in real-time from your Malwa Gramin Bank account to recipient’s account via BHIM UPI

Download App For


How to transfer money from Malwa Gramin Bank account online:

  1. Download Cointab app for Android or iPhone
  2. Install app using mobile number which is registered in your Malwa Gramin Bank account
  3. Select Malwa Gramin Bank for bank account registration
  4. All your Malwa Gramin Bank accounts will be registered and activated for mobile banking
  5. Generate Malwa Gramin Bank 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 Malwa Gramin Bank account and credited in recipient’s bank account in real-time
  12. You’ll get an SMS from Malwa Gramin Bank about the transaction. Recipient will also receive an SMS from their bank

Online transfer of money from your Malwa Gramin Bank 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.

Online Money Transfer Service Features


Real-time fund transfer from your bank account to anyone in India

Online fund transfer service from Malwa Gramin Bank enables you to transfer money from your account to anyone in India. Recipient can have a bank account with any bank in India and yet money can be transferred in real-time.

Transfer money without adding beneficiary

Using Malwa Gramin Bank transfer money facility you can do fund transfer without adding beneficiary. After downloading and registering for our app, you can immediately transfer funds to beneficiary by specifying their bank account number and IFSC code.

Transfer money to Self account

Online fund transfer facility also allows you to transfer funds between Self accounts. If you have multiple accounts with Malwa Gramin Bank then you can do fund transfer between your accounts. In fact if you have accounts with other banks then also you can do a Self account transfer from your Malwa Gramin Bank account.

Transfer money to BHIM UPI ID

Online money transfer service by Malwa Gramin Bank also enables funds transfers to beneficiary’s BHIM UPI ID so that you don’t have to request for their bank account number & IFSC code and can instead do fund transfer directly on their BHIM UPI ID. Like other modes of transfer, BHIM UPI transfer via bank account works in real-time and money is credited in beneficiary’s bank account in real-time.

Transfer money to mobile number

Another big advantage of Malwa Gramin Bank fund transfer service is the ability to transfer money to a mobile number. This helps you easily transfer money to friends and family without requesting for their bank account number or BHIM UPI ID.

High transaction limit

As per the bank’s online money transfer policy, you can make upto 10 transfers on a daily basis, upto a total of Rs. 1,00,000.

No charges for online money transfer service

Online fund transfer service is offered by Malwa Gramin Bank free of cost to its customers so that they can seamlessly transfer money as and when required. Like NEFT / RTGS / IMPS, there are no charges for transferring funds via BHIM UPI using our app.

24x7 service

Money transfer service works 24x7 so that you can transfer money to beneficiaries in real-time as and when required. This service also works at night, on weekends and on bank & public holidays so that you can transfer money from your Malwa Gramin Bank account easily.

Benefits of online transfer money service


Time saving: You can save a lot of time by using online Malwa Gramin Bank transfer money service instead of visiting the branch or ATM or writing a cheque. You can use it to transfer money to beneficiary in real-time.

Easy access: Money transfer service is available online 24x7, 365 days a year so you can use it whenever required.

Cost saving: Malwa Gramin Bank provides online fund transfer service to its customers free of cost hence there are no charges for transactions you perform.

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

Multi Purpose: You can not only use Malwa Gramin Bank money transfer service to transfer money to beneficiary, but also to recharge your mobile / DTH, pay electricity / gas / credit card bill, buy insurance, book fixed deposit, buy mutual fund, etc.

Security of Malwa Gramin Bank Online Transfer Money

100% security for Malwa Gramin Bank Online Transfer Money is ensured in the following ways:

  1. Malwa Gramin Bank 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 Malwa Gramin Bank 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

Malwa Gramin Bank Online Money Transfer Timing

  • You can use UPI services on all days, including Saturday and Sunday
  • BHIM can be used at night as well
  • As banking is very crucial, you can use Malwa Gramin Bank UPI facility even on bank holidays and public holidays
  • You can use BHIM services throughout the year

Online Money Transfer Service Eligibility

To use Malwa Gramin Bank Online Fund Transfer service you have to meet the following requirements:

  • You should have a savings or current account with Malwa Gramin Bank
  • Your mobile number should be registered with your bank
  • You should have Android or iPhone mobile phone
  • You should have an internet connection either via SIM card or WiFi

Online Transfer Money Service Limitations

Following are the limitations of Malwa Gramin Bank online money transfer service:

  • It will only work if your mobile number is registered in Malwa Gramin Bank
  • It will not work without Android or iPhone mobile phone
  • It will not work without internet connection
  • You can only transfer upto Rs. 1,00,000 per day per bank account
  • You can transfer upto 10 times per day per bank account

Download App For