CIF Transfer Application Letter - Bank Account can be transferred to other Branch sitting at home, no fee is to be paid

If you have an account with the State Bank of India (SBI) and you want to transfer your account from one branch to another.


CIF Transfer Application Letter - Bank Account can be transferred to other Branch sitting at home, no fee is to be paid

Let us tell you that SBI gives the facility to change branch online. Under this facility, you can transfer bank account online. However, for this, it is necessary to update the Know Your Client (KYC) of your bank account. 


How to Write Application for Transferring CIF Number in SBI?


ACCOUNT TRANSFER REQUEST FORM FILL

 

To,                                                                            From Name:                              

The Branch Manager                                               Address………………………..

State Bank of India                                                    ……………………………………

(Name of the Branch)                                               ……………………………………..              

(Branch Code)                                                          Mobile No.:………………………..

Madam/ Dear Sir,

Request for my /our SB/RD/Term Deposit Account Transfer

A/c No. /No.s…………..

From (Branch Name- Code) to (Branch Name- Code)

1.    I/We hold the above account/accounts with …………… (Branch Name- Br. code).

2.    I /We request you to transfer the captioned account(s). The new address proof is enclosed/ shall be provided within 6 months at the transferee branch. 

3.    I/We request you to transfer/not transfer the CIF. (applicable where all accounts are not transferred. Where all accounts are transferred or there is only a single account, the CIF will be mandatorily transferred.)

4.    I/We understand that if CIF is not transferred, my Home Branch will continue to remain the same.

Please arrange accordingly.

Yours faithfully,

(Applicant’s Name/Names)


How to Transfer CIF Account in SBI:

• First of all login net banking. On the home page of your account, click on 'e-Service' button. In the 'e-Services' section on the left hand side you will see the option of "Savings Account Transfer".


• On clicking this option, you will see the accounts available in SBI on the screen. Select the account you wish to transfer to another branch. And then enter the branch code of other SBI branch.


• After that click on 'Get Branch Name' tab followed by branch name, code of that branch will appear in the box below. Select this code from there. If you already know the branch code then you can fill it. After that submit by ticking the accept.


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• On clicking the submit button, you will see the name and code of the new branch. In which you want to transfer your account. Check the details given here and click on the confirm button.


• After this, an OTP will come on your registered mobile number, which you will have to enter. When you click on "Confirm" a new page will open.


• It will have the transfer confirmation message, details of your existing branch and the branch to which you have transferred your account.


• After this, the process of online bank account transfer in SBI is completed on your behalf. Within a week it will reach the new branch.

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