An online account that is enabled for ELECTRONIC fund TRANSFER, sometimes called third party transfers, is necessary to perform a NEFT, RTGS or IMPS TRANSACTION to any other bank account in India. The first step is to add a 'payee' to whom you would like to transfer funds. The process of payee addition is easy if you have the IFSC CODE. The steps needed to add a payee into an online bank account is SHOWN below. The actual steps might vary slightly from bank to bank.

The steps to add a payee are:

• Click on 'Transfer Funds' to initiate the fund transfer process.
• Click on “To Other Bank Accounts” to initiate a NEFT, RTGS or IMPS transaction.
• Click on “Add New Payee” to add a new recipient.

An online account that is enabled for electronic fund transfer, sometimes called third party transfers, is necessary to perform a NEFT, RTGS or IMPS transaction to any other bank account in India. The first step is to add a 'payee' to whom you would like to transfer funds. The process of payee addition is easy if you have the IFSC code. The steps needed to add a payee into an online bank account is shown below. The actual steps might vary slightly from bank to bank.

The steps to add a payee are: