How to add/verify beneficiary in Corporation Bank – [Inter Bank/Intra Bank] :
Corporation Bank is one of the reputed public sector banks in India that provides various facilities including Internet banking to their customers.
- Beneficiary name
- Account type
- Account number
- Bank branch IfSC code
- Branch Name
Who can add beneficiary?
- All existing Corporation Bank Net Banking account holders can add the beneficiaries.
- Users must have a valid user ID and password for login internet banking.
Steps Required For Online Fund Transfer
- Add Beneficiary details
- Then, Activate Beneficiary.
- Finally, Transfer Funds or Money.
Steps to Add beneficiary in Corporation Bank – [Inter-Bank]
- First of all, visit the official website of bank retails banking at https://www.corpretail.com .
- Then, enter Net banking User ID and click “Continue” button.
- Now, type your password and click “Login” button.
- After clicking the Login button, you will be on your net banking homepage. There you will need to click “Fund Transfer” option.
- Then, open link – “Third Party- NEFT/ RTGS”. Next you to need to click “Beneficiary Maintenance” option.
- Now, you will see NEFT/ RTGS Maintenance page. There you can add other bank beneficiary details by clicking on “Add Payee” button.
- Then, “NEFT/ RTGS add payee-New” Form will open. Now you will need to fill this form with required details such as:-
- Your name
- Account number (NEFT account number is same thing).
- IFSC code
- Mobile number
- Email ID
- After that, click “Submit” button.
- Then, you should check your filled details, if everything is correct then enter “Authorization Password”.
- Finally, click “Confirm” and “OK” button.
- Now, you will receive “Activation Code” on your registered mobile number.
- Enter the “Activation Code” and click “Submit” button.
- Once, you click submit button, you will see a following confirmation message:
“beneficiary added successfully, you will receive reference number through mobile to activate the payee.”
- You should also note that you can add maximum five beneficiaries per day.
Steps to add beneficiary in Corporation Bank – Intra-bank
- After Login to your net banking account, Click “Fund Transfer” option.
- Then, click “Third Party- Corp bank”.
- Next, click “Beneficiary Maintenance” option,
- Then, click “Add Payee” and fill the form and submit.
Note: You can fill the form as per above instructions as we already discussed in inter-bank beneficiary section.
Steps to activate beneficiary
- To activate an added beneficiary, go to “Beneficiary Maintenance” option.
- Then click “Activate Payee” option.
- Now, you can check beneficiary details and status.
- You will have to click short name link to activate beneficiary. So, click short name link of the beneficiary.
- Then, beneficiary details appear on the screen. Check the details and click “Activate” button.
- Then, enter the reference number that you have received on your registered mobile number. After that, click “Confirm” button.
- Finally, you will see a confirmation message display that “Beneficiary activated successfully.
- You can transfer funds to this beneficiary after 24 hours only.
- Till then you can send maximum Rs.10000/- per transactions up to limit of Rs.25000/- in a total of this beneficiary”.
Steps to Transfer funds to beneficiary
After adding a beneficiary and activation process, you can check the status of the beneficiary through “View Payee” option.
It shows Active status.
Now, you can transfer funds with NEFT or RTGS.
- First, you need to click “NEFT Transfer” link.
- Then, select branch name/ corporation bank 15 digit account number, beneficiary short name, enter a payment amount, schedule date, remarks (if you want), mobile number etc. and then tick the box of terms of conditions. Finally, click “Submit” button.
- Now, you will need to enter authorization password and then click “Confirm” to complete the transactions.
- Then, enter OTP received on your registered mobile number and click “Submit” button.
- The payment will be credited to the beneficiary account. You can save the transaction report in PDF format.
Corporation Bank IMPS charges
|IMPS done through branch||Rs 10/- per transaction|
|IMPS through Net Banking||Rs 5/- per transaction|
|IMPS through Mobile Banking App||NIL|
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