Relocating for work, moving to a new city, or just wanting a branch closer to home? Good news — you don’t need to go through a lengthy process anymore. State Bank of India (SBI) has made it super easy to transfer your savings account to another branch, thanks to its NetBanking (OnlineSBI) and YONO app.
In this guide, we’ll explain step by step how you can transfer your SBI account online, offline, and through the YONO app — along with FAQs, timelines, and things you must keep in mind.
Why Do People Transfer Their SBI Account?
Customers often change their home branch for many reasons:
- Relocation due to job, education, or personal reasons
- Convenience of having a branch closer to residence or workplace
- Better customer service at another branch
- Access to specialized branch services
- Frequent travel or moving to a new city
The best part? SBI does not charge any fee to transfer your account.
3 Easy Ways to Transfer Your SBI Savings Account
1. Online via SBI NetBanking (OnlineSBI)
If you use SBI Internet Banking, this is the fastest method.
Steps:
- Log in to onlinesbi.com with your username, password, and captcha.
- Go to the e-Services tab.
- Select Transfer of Savings Account.
- Choose the account you want to transfer.
- Enter the branch code or IFSC of the new branch.
- Tick the terms and conditions box and click Submit.
- Verify details of your old and new branch.
- Enter the OTP sent to your registered mobile and confirm.
- You’ll see a confirmation message: “Your branch transfer request has been successfully registered.”
Note: This facility won’t work for KYC-deficient or inoperative accounts.
2. Using SBI YONO App
Prefer mobile banking? The SBI YONO app makes the process even easier.
Steps in YONO App:
- Log in to the SBI YONO app.
- Tap on Services.
- Select Transfer of Savings Account.
- Choose your account and enter the new branch code.
- Confirm the details and enter the OTP sent to your mobile.
- You’ll get an instant confirmation message.
Your account will be shifted to the new branch within a few working days.
3. Offline Method (Visiting a Branch)
If you don’t use NetBanking or YONO, you can still transfer your account the traditional way.
Steps:
- Visit your current branch or the new branch where you want to transfer your account.
- Fill out an account transfer form with details such as:
- Account number
- Current branch name
- New branch name & code
- Account number
- Attach KYC documents (Aadhaar, PAN, Address proof, Passbook copy).
- Submit the form. The bank will process your request within a week.
How Long Does SBI Account Transfer Take?
- Online transfer (NetBanking/YONO): Instantly
- Offline transfer: Up to a week (depending on verification)
You can check the status on the SBI Online Banking portal or YONO app.
Will My Account Number Change After Transfer?
No. Your account number and CIF (Customer Information File) remain the same.
Only the IFSC code changes since it is branch-specific.
Impact on ECS & Standing Instructions
Since IFSC changes after a branch transfer, update your new IFSC code with:
- Mutual funds (for dividend credits)
- Income tax department (for refunds)
- Loan EMIs, insurance, or utility companies linked with ECS/auto-debit
Always double-check that your ECS and standing instructions continue smoothly.
SBI Account Transfer – FAQs
1. Can I transfer my SBI account to any branch in India?
Yes, you can transfer to any SBI branch within India.
2. Is there a waiting period between transfers?
Yes. For online transfers, you must wait 90 days before making another transfer.
3. Is there a fee for transferring my account?
No. SBI does not charge any fee.
4. How will I know when the transfer is complete?
You’ll get an SMS/email notification once the transfer is done.
5. Will my cheque book, ATM, or UPI change?
No. These remain the same. Only the IFSC changes.
Final Words
SBI has made branch transfers quick, free, and paperless with its online platforms. Whether you’re moving to a new city or just want a branch closer to home, you can do it all within minutes via NetBanking or YONO app.
Pro Tip: Make sure your mobile number is linked with your account before starting the process.
With SBI’s digital banking, managing your account is easier than ever!