State Bank of India (SBI) is the largest bank in India, boasting a customer base of over 48 crores account holders. Known for their extensive digitalization efforts, SBI ensures convenient and accessible banking for its customers. Among its various online services, customers can update KYC, request cheque books, and change their home branch with ease. This guide will help you understand the SBI account transfer process and how you can transfer your SBI account online or through the SBI YONO app.
Common Reasons for Customers to Change Their SBI Account to Another Branch
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Relocation for work or personal reasons
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Seeking better customer service
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Proximity to a new residence
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Access to specialized branch services
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Convenience due to frequent travel or moving to a new city
Methods to Change Your SBI Account to a Different Home Branch
Through SBI Online Banking Portal
- Login to your SBI Online Banking Account with your username and password.
- Navigate to the E-Services tab.
- Click on 'Transfer of Savings Account'.
- Choose the account to be transferred.
- Use the location or IFSC code to find the branch to which you want to transfer. Put a tick mark in the terms and conditions box and click 'Submit'.
- Verify all your account transfer details with the existing branch code and the new branch code. Then, click on 'Confirm'.
- Once you confirm the details, an OTP will be sent to your registered mobile number.
- One you enter the OTP and click 'Confirm', a message will be displayed stating 'Your branch transfer request has been successfully registered'.
Click here to learn more about SBI NetBanking Features & Benefits
Changing it Using the SBI YONO App
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After logging in to the SBI YONO app, click the ‘Services’ option.
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Go to the 'Change Home Branch' option.
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Select your savings account.
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You will see 2 options to choose the branch:
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Select 'Branch Near You' for a list of nearby branches based on your address on file.
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Choose 'Branch by Location/code' to find branches in a different locality.
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Confirm your choice by entering the OTP that was texted to your registered mobile number.
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Following OTP verification, a confirmation message will appear on the screen.
Additional Read: SBI YONO – Features & Benefits
Changing your SBI Account Home Branch Offline
If you do not have Netbanking or the SBI YONO app, you must visit an SBI Bank branch and complete a form to change your home branch to your preferred branch.
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Visit your existing home branch and submit a form to change the home branch to your desired branch.
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Alternatively, visit the branch where you want to shift your account and submit the form to transfer your account to this branch.
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You might be asked to submit your KYC documents for verification.
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Once verified, the transfer may be completed in about a week's time.
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This method is convenient for account holders who have already shifted to a different locality or city and cannot visit the home branch for the foreseeable future.
How Long Does It Take for the Transfer of My SBI Account to a Different Branch?
It could take about a week to transfer the home branch. You can check the status of the transfer on your SBI Online Banking portal or the SBI YONO app.
Required Documents for Changing Your Home Branch
The bank might ask you to submit your latest KYC Documents to initiate the transfer of your SBI Account to a different branch. They might ask for all or one of the below documents copy.
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Aadhaar card or PAN card for Identity proof
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Utility bill or rental agreement as Address proof
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Passbook or latest Account statement
Impact on ECS & Standing Instructions
Will there be any Impact on my existing ECS and Standing Instructions due to the transfer of my SBI Account to a different branch?
Though the account number and CIF (Customer Information File) stay the same after a transfer, since the IFSC (Indian Financial System Code) is branch-specific, it could become different.
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Inform institutions such as mutual funds (for dividends) and the income tax department (for refunds) about the new IFSC code to ensure continued services.
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It might be necessary to update current standing instructions and ECS to reflect the new IFSC code. To prevent any problems, it is necessary that these details are updated with the respective institutions.
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After the branch transfer, verify that your ECS and standing instructions have been updated correctly.
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Proactively inform any entities that regularly interact with your account, such as loan providers or utility companies, about the change in the IFSC code.
Click here to read more about SBI Customer Care
SBI Account Transfer to Another Branch - Frequently Asked Questions:
1. Could I shift my SBI account to any location in India?
Yes, you can transfer your SBI account to any SBI branch within India.
2. Is there a fee for transferring my SBI account to another branch?
No, SBI does not charge a fee for transferring your account to another branch.
3. Will my SBI account number change after transferring to a new branch?
No, your SBI account number and CIF (Customer Information File) will remain the same. Only the IFSC code will change.
4. How will I be notified once the branch transfer is complete?
You will receive a notification via SMS or email once the branch transfer is complete. Additionally, you can check the status of your transfer on the SBI Online Banking portal or the SBI YONO app.
Disclaimer: This page includes information that has been compiled from many sources and is only offered for informational purposes. Since this type of data might change over time, we cannot guarantee that the information supplied or included within it is accurate. It is anticipated that the user would confirm with the relevant source prior to taking any choices or actions.