Domestic Funds Transfer blog

You can transfer funds in Indian Rupees from your Rupee Checking Account to any another bank account in India. You can chose to do online transfers either through the National Electronic Funds Transfer (NEFT) system or the Real Time Gross Settlement (RTGS) system.
NEFT

Within Citibank Network: Citibank India facilitates transfer of fund to any account registered within Citibank in India

Demand Draft: If you would like to send money to friends or family or would like to make a payment, you can order for a Demand Draft online to be delivered to any beneficiary at over 700 locations in India, from your Citibank Rupee Checking Account. The beneficiary will receive the Draft normally within five business days.

You may see Screen 1 or screen 2, depending upon whether or not you have a linked deposit to your Citibank NRI account. Please refer either screen1 or screen 2 as per the screen appearing on your respective system

Step 1

Screen 1

Log In to Citibank Online → Banking → Transfer funds → Click Transfer to third party account → Add payee

Screen 2

Log In to Citibank Online → Banking → Transfer funds → Click To other Bank Account → Add Payee. Next you will be directed to another screen to choose Transfer Type. Select NEFT

Step 2

Screen 1

Select → Outside Citibank Network → NEFT→ Enter fund transfer details in the screen that appears. Payee Name should be as per beneficiary's bank record

Screen 2

Enter New payee details → Submit.

Refer note section for detailed clarity

NOTE :

  • In a 24 hour period(working day), you will be able to add a maximum of 6 payees across all your accounts
  • For a new Payee under the NEFT system, there is a limit of Rs.50,000 for the first Business Day (excluding holidays)
  • When you add a payee, the information on timelines regarding transferring funds within regular limits for a new payee will be displayed on the "Payee addition confirmation screen"
  • With NEFT transfers, beneficiaries will typically receive funds within 1-2 business days.

From here, you can again proceed in two ways:

a) If you have the IFSC Code for the beneficiary bank, click on Yes radio button
Enter IFSC Code text box appears. Enter the IFSC Code of the beneficiary bank and click on Get Bank Details → Enter beneficiary & account details

b) If you don't have the IFSC Code for the beneficiary bank, No→Enter Bank Name → City → Branch Location→ IFSC is auto filled Enter beneficiary & account details

Step 3

Re-confirm Payee details & Select checkbox to receive One Time Password → Click Confirm

Step 4

Once you receive OTP on your registered email id & mobile number → Select Authorize Payee now

Step 5

Enter 6- digit OTP → Click Authorize Payee Now

Congratulations you have successfully added a Payee for NEFT fund transfer!!

You may see Screen 1 or screen 2, depending upon whether or not you have a linked deposit to your Citibank NRI account. Please refer either screen1 or screen 2 as per the screen appearing on your respective system

Step 1

Screen 1

Log In to Citibank Online → Banking → Transfer funds → Click Transfer to third party account → select Make Payment Now against the required beneficiary

Screen 2

Log In to Citibank Online → Banking → Transfer funds → Click To other Bank Account → select Make Payment against the required beneficiary

Note: In your Registered Payee List, click on the Make Payment option in front of the required payee. For transfer to any account within Citibank India Type of Transaction should be NEFT

Step 2

Screen 1

Enter Payment amount & currency to transfer funds.In the next screen that follows, Select from list of accounts from which you wish to transfer funds & Select continue

Screen 2

Select Account from which funds is to be transferred , Enter Amount & Click Continue.

Do refer the note section for transaction limits applicable

NOTE :

  • For a new Payee under the NEFT system, there is a limit of Rs. 50,000 for the first Business Day (excluding holidays)
  • Minimum amount that can be transferred via NEFT Re. 1
  • If you are a Citibank Rupee Checking account customer only, a daily transaction limit of INR 7,500,000 for Citigold customers and
    INR 25,00,000 for non Citigold customers applies.
  • If you are a Citibank Rupee Checking account customer and have a deposit account with Citibank, a daily transaction limit of
    INR 7,500,000 for Citigold customers and INR 25,00,000 for non Citigold customers applies. However per transaction limit is set equivalent to USD 20,000.
  • With NEFT transfers, beneficiaries will typically receive funds within 1-2 business days.

Step 3

Screen 1

Read and accept the Terms & Conditions → Click Continue to proceed with payment

Screen 2

Read and accept the Terms & Conditions → Click Confirm to proceed with payment

Congratulations You have successfully completed NEFT fund transfer

Screen 1

Screen 2

You may see Screen 1 or screen 2, depending upon whether or not you have a linked deposit to your Citibank NRI account. Please refer either screen1 or screen 2 as per the screen appearing on your respective system

Step 1

Screen 1

Log In to Citibank Online → Banking → Transfer funds → Click Transfer to third party account → Add payee

Screen 2

Log In to Citibank Online → Banking → Transfer funds → Click To other Bank Account → Add Payee. Next you will be directed to another screen to choose Transfer Type. Select RTGS

Step 2

Screen 1

Select → Outside Citibank Network → RTGS→ Enter fund transfer details in the screen that appears. Do note that Payee Name, should be as per beneficiary's bank record

Screen 2

Enter New payee details → Submit.

Refer note section for detailed clarity

NOTE :

  • In a 24 hour period(working day), you will be able to add a maximum of 6 payees across all your accounts
  • When you add a payee, the information on timelines regarding transferring funds within regular limits for a new payee will be displayed on the "Payee addition confirmation screen"
  • In RTGS transfers, and beneficiaries will receive funds either the same day or the next business day.
  • Also from here, you can again proceed in two ways:
    • If you have the IFSC Code for the beneficiary bank, click on Yes radio button Enter IFSC Code text box appears. Enter the IFSC Code of the beneficiary bank and click on Get Bank Details
    • If you don't have the IFSC Code for the beneficiary bank, No → Enter Bank Name → City → Branch Location → IFSC is auto filled

Step 3

Select the checkbox to receive OTP → Click Confirm

Step 4

Re-verify details, on receiving OTP on registered Email ID & mobile number → Select Authorize Payee Now

Step 5

Enter the 6-digit OTP & click Authorize Payee Now

You have successfully added a New RTGS Payee to your Registered Payee List.

You may see Screen 1 or screen 2, depending upon whether or not you have a linked deposit to your Citibank NRI account. Please refer either screen1 or screen 2 as per the screen appearing on your respective system

Step 1

Screen 1

Log In to Citibank Online → Banking → Transfer funds → Click Transfer to third party account → select Make Payment against the required beneficiary

Screen 2

Log In to Citibank Online → Banking → Transfer funds → Click To other Bank Account → Select Make Payment against the required beneficiary

Note : For RTGS Transfers the payee Type of Transaction should be RTGS

Step 2

Screen 1

Enter Payment amount & currency to transfer funds -> Continue. In the next screen that follows, Select from list of accounts from which you wish to transfer funds & Select continue

Screen 2

Select Account from which funds is to be transferred->Enter Amount & Click Continue.

Do refer the note section for transaction limits applicable

NOTE :

  • Minimum fund transfer amount through RTGS is Rs. 2,00,000
  • RTGS transfers, and beneficiaries will receive funds either the same day or the next business day
  • If you are a Citibank Rupee Checking account customer only, a daily transaction limit of INR 7,500,000 for Citigold customers and
    INR 25,00,000 for non Citigold customers applies.
  • If you are a Citibank Rupee Checking account customer and have a deposit account with Citibank, a daily transaction limit of
    INR 7,500,000 for Citigold customers and INR 25,00,000 for non Citigold customers applies. However per transaction limit is set equivalent to USD 20,000.

Step 3

Screen 1

Read and accept the Terms & Conditions → Click Confirm to proceed with payment

Screen 2

Read and accept the Terms & Conditions → Click Confirm to proceed with payment

Congratulations!! Your funds transfer is successful via RTGS

Screen 1

Screen 2

You may see Screen 1 or screen 2, depending upon whether or not you have a linked deposit to your Citibank NRI account. Please refer either screen1 or screen 2 as per the screen appearing on your respective system

Step 1

Screen 1

Log In to Citibank Online → Banking → Transfer funds → Click Transfer to third party account → Add payee

Screen 2

Log In to Citibank Online → Banking → Transfer funds → Click Transfer to Citibank account → Add Payee.

Step 2

Screen 1

Select → Within Citibank World Wide → To any account within Citibank India.Enter new Payee details & click Submit

Screen 2

Enter New payee details → Submit.

Refer note section for detailed clarity

Step 3

Read and accept Terms & Conditions to receive One Time Password ->Click Confirm

Step 4

Re-verify Payee details & Select Authorize Payee Now on receiving OTP on registered Email Id & mobile number.Next Enter the OTP in the screen that appears to complete the transaction.

When the beneficiary is already registered, select from the list of registered beneficiaries & make payment

Step 1

Select Banking → Transfer Funds → Transfer to third party account → select Make Payment Now against the required beneficiary

Note : In your Registered Payee List, click on the Make Payment Now option in front of the required payee. For transfer to any account within Citibank India Type of Transaction should be Another Citibank account

Step 2

Enter amount & click Continue

Step 3

Choose the account you wish to debit the amount from → Click Continue

Step 4

Verify details & click Confirm to proceed with fund transfer

Congratulations you have successfully completed fund transfer

If you would like to send money to friends or family or would like to make a payment, you can order for a Demand Draft online to be delivered to any beneficiary at over 700 locations in India, from your Citibank Rupee Checking Account. The beneficiary will receive the Draft normally within five business days. However, we strongly recommend using NEFT/RTGS option for making the payment instead of Demand draft

Step 1

Log In to Citibank Online → Banking → Transfer funds → Make Demand Drafts → Click on Register New Beneficiary

Step 2

Select 'Me'→ Enter Third Party Address(Address you want the draft to be delivered at) → Click Submit

Step 3

Verify details → Select check box 'I have understood' to receive OTP → Click Confirm.

Note: Do Re-verify the third party address where draft is to be delivered.

Step 4

Click Authorize Beneficiary Now on receiving One Time Password

Step 5

Enter 6 digit OTP → Click Authorize Beneficiary Now

Congratulations You have successfully authorized your Payee

Step 1

Log In to Citibank Online → Banking → Transfer funds → Make Demand Drafts → Click on Register New Beneficiary

Step 2

Under Make Demand Draft → Add Beneficiary → Select Third Party & My Mailing address → Enter Beneficiary Name & Payee Nickname → Submit

Note: Beneficiary Name should be as per beneficiary's bank record

Step 3

Select "I have read and understood" & confirm to receive One Time Password

Step 4

Click Authorize Beneficiary Now, on receiving One Time Password on your registered Email ID & mobile number

Step 5

Enter 6 digit OTP → Select Authorize Beneficiary Now

Congratulations you have successfully authorized your Payee

Step 1

Log In to Citibank Online → Banking → Transfer funds → Make Demand Drafts → Click on Register New Beneficiary

Step 2

Under Make Demand Draft → Add Beneficiary → Select Third Party & Third Party address → Enter all mandatory fields → Submit

Note: Beneficiary Name should be as per beneficiary's bank records & Third party address should be the address where the Draft is to be delivered

Step 3

Select 'I have read and understood' & Confirm to receive One Time Password

Note: Do Re-verify the third party name & address where draft is to be delivered.

Step 4

Click Authorize Beneficiary now on receiving OTP

Step 5

Enter 6 digit OTP → Click Authorize Beneficiary Now

Congratulations you have successfully authorized your Payee.

If the beneficiary is already registered , select from the list of registered beneficiaries

Step 1

Under Make Demand Draft -> Select Draw DD against the name of beneficiary you wish

Step 2

Enter Details → Click Continue

Step 3

Select the Account(s) you wish to debit the amount from list of accounts mentioned under 'My accounts' → Click Continue

Step 4

Re-verify beneficiary details & Address where the draft will be issued & Click Continue

Congratulations you have successfully issued a demand draft.

To draw Demand Drafts payable to yourself and delivered to your registered address.

Step 1

Under Make Demand Draft → Select DD Payable to me

Step 2

Enter Currency & Amount → Click Continue

Step 3

Select the Account(s) you wish to debit the amount from list of accounts mentioned under 'My accounts' → Click Continue

Step 4

Enter amount to be debited from account → Click Continue

Step 5

Read and accept Terms & Conditions → Click Confirm

Congratulations Your Request has been received successfully