IBFT

Feature:

Do you want to provide ease and convenience to your friends, family, colleagues and business associates. With our Interbank funds transfer (IBFT) facility you can easily transfer funds in their accounts via your ATM. Now, when dealing with you they can ensure hasslefree funds transfer in their accounts. No nuisance of waiting for Cheque clearance or going to the branch to deposit Cash or Cheque.

IBFT facility enables you to send and receive funds Online from and to any Account holder of 1Link IBFT participating member Banks. Following are the key benefits that you will get out of using our IBFT facility:

• Convenience
• Easy to use
• Instant Transfer i.e. Online
• Secure
• 7×24 Facility- Round the Clock
• IBFT totally eliminates the use of cheques and the transactions can be processed Online

How to do IBFT via ATM?:

• Insert the Card in the ATM
• Wait for Authentication – using Biometric or PIN
• Select “Funds Transfer” from Main Menu
• Select “IBFT” from Funds Transfer Menu
• Select the From Account from which Funds will be transferred.
• Select Bank where Funds are to be transferred
• Input the Beneficiary Account Number
• Input the Amount to be transferred
• Verify the Beneficiary Name retrieved Online from the Beneficiary Bank Confirm the Transaction