You can transfer your SBI Buddy wallet money to any bank account, it is not necessary that you have SBI account. You can send your Buddy Wallet money to ICICI, Axis, BOB, HDFC or any other bank account.
To transfer money from SBI buddy wallet to any bank account, you have to pay 3.54% fees which is higher than other online transaction fees.
If your money is in Buddy wallet or a friend has sent money to your buddy wallet, you can transfer it to your bank account.
Let’s see how to send your Buddy wallet money to any bank account.
Send Buddy Wallet Money to any bank account
1: First of all log in to your Buddy wallet. Type 4-digit PIN and login.
After logging in, you will see the Send Money option just tap on it.
2: In Send Money, you have to select Send to Account option.
To send money in bank account, you have 2 options:
- IMPS -MMID: – You can transfer money by entering MMID & Mobile number details of the bank account.
- IMPS – IFSC: – If you do not have MMID and Mobile number then you can send money by entering bank account number & IFSC code detail.
1 # IMPS – MMID
If you have MMID & Mobile number of the bank account, then you can send money using this option.
Enter the amount which you want to send, then type MMID and mobile number of bank account.
Now enter your PIN and Confirm.
That’s it, your money will be credited to your bank account instantly.
2 # IMPS – IFSC
If you do not have MMID & Mobile number details of the bank account then you can select IMPS – IFSC option. You just need bank account number and branch IFSC code.
Enter the amount which you want to transfer, type account number and IFSC code. You can find IFSC code online.
After entering these details tap on continue and next enter PIN and tap on confirm.
Your money will be instantly credited to the bank account.
So in this way you can send SBI Buddy money to any bank account, you do not even need much bank details, just account number and iFSC code is enough. Yes, the charge for transfer is slightly higher.
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