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Saraswat Bank Money Transfer

Saraswat Bank transfer money service is available to all customers who have an account with the bank. Using this facility customers of Saraswat 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 Saraswat Bank fund transfer service you can send money to anyone without writing a cheque. Just by downloading our mobile app, you can add your Saraswat Bank account and generate a secure mobile banking PIN. Using this PIN you can transfer funds to anyone in India from your Saraswat Bank account.


Fund transfer can be initiated without adding beneficiary in your Saraswat Bank account. All transactions are 100% safe and secure and you will instantly get SMS from Saraswat 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 Saraswat Bank transfer money service:
  1. Real-time money transfer from bank account
  2. Transfer money without adding beneficiary
  3. Transfer money between your own Saraswat Bank accounts - from one account to another account
  4. Transfer money between your own accounts in other banks - from Saraswat Bank account to other bank account
  5. Online Saraswat 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 Saraswat to all banks in India supported
  8. Transfer upto Rs. 1,00,000 per day from your Saraswat Bank account. This is the maximum limit as set by Saraswat
  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 Saraswat Bank money transfer service
  11. Instantly receive SMS from Saraswat 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 Saraswat account to recipient’s account via BHIM UPI

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How to transfer money from Saraswat Bank account online:

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

Online transfer of money from your Saraswat 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 Saraswat 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 Saraswat 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 Saraswat 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 Saraswat Bank account.

Transfer money to BHIM UPI ID

Online money transfer service by Saraswat 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 Saraswat 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 Saraswat 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 Saraswat account easily.

Benefits of online transfer money service


Time saving: By using online Saraswat Bank fund transfer service instead of visiting the branch or ATM or writing a cheque you can save a lot of time as you can transfer money to beneficiary in real-time online.

Easy access: Fund transfer facility can be used anytime anywhere as it is available online 24x7, 365 days a year.

Cost saving: Online money transfer service by Saraswat Bank is absolutely free for its customers and you don’t have to pay anything for using the service.

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

Multi Purpose: Online transfer service by Saraswat is a multiple purpose service wherein you can not only transfer money to beneficiary, but also recharge your mobile / DTH, pay electricity / gas / credit card bill, buy insurance, book fixed deposit, buy mutual fund, etc.

Security of Saraswat Bank Online Transfer Money

Saraswat Bank Online Fund Transfer is fully secured in following ways:

  1. UPI registration for your Saraswat Bank accounts can only be done on your mobile due to linking of your mobile number with your bank account
  2. To use BHIM services, you have to create a new UPI PIN using your debit card
  3. To perform financial transactions you have to use your Saraswat Bank UPI PIN. Without this PIN, no transaction will go through
  4. You can also set up app password so that no one can even open the app without knowing your app password
  5. You can also create a PIN or pattern lock for your phone so that no one can open your mobile

Saraswat 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 Saraswat Bank UPI facility even on bank holidays and public holidays
  • You can use BHIM services throughout the year

Eligibility conditions for using Online Money Transfer Service

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

  • You should have a savings or current account with Saraswat 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

Limitations of Online Transfer Money Service

Following are the restrictions in Saraswat Bank online transfer money service:

  • Your mobile number must be registered in Saraswat Bank
  • 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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