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Citibank Fund Transfer

Citibank transfer money service can be availed by all customers of Citibank. This service helps customers instantly transfer money from their Citibank account to anyone in India. Using this online Citibank fund transfer service you can transfer money from your account using your mobile phone and money will be deposited in beneficiary’s account in real-time.

Major advantage of online Citibank fund transfer service is that you can transfer money online without writing a cheque. As money is credited in beneficiary’s bank account in real-time, you don’t have to submit the cheque to them. To use this online transfer money service please download our app and register your Citibank accounts. After that you will have to generate a secure banking PIN and then using this PIN you’ll be able to transfer funds to anyone in India directly from your Citibank accounts.

Another benefit of this service is that you can do instant money transfers without adding beneficiaries. All transactions performed via our app are 100% safe and secure. As soon as money transfer is done, you will receive an SMS from Citi and the beneficiary will get SMS from their bank.

Features of online Citibank money transfer service:
  1. Online, real-time money transfer from Citibank account
  2. Fund transfer without adding or registering beneficiaries
  3. Fund transfer between your own Citi accounts. You can use this feature if you have multiple accounts with the bank
  4. Transfer money between Self accounts with other banks - from your Citibank account you can transfer money to your account in other banks
  5. Transfer money service works 24x7, 365 days a year
  6. Even on all Saturdays and Sundays as well as bank & public holidays you can do fund transfer
  7. All banks in India supported for money transfers
  8. Transfer limit is Rs. 1,00,000 per day from your Citibank account. This is the maximum limit as set by your bank
  9. You can make up to 10 transfers per day from your account. This is the maximum limit as set by your bank
  10. Online fund transfer service is absolutely free and you don’t have to pay any fees
  11. Instant confirmation from Citibank on money transfers. You’ll also get an SMS from the bank
  12. Beneficiary bank will also send SMS to the beneficiary, confirming the fund transfer
  13. BHIM UPI is used for transferring funds from your Citi account to beneficiary’s bank account in real-time

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How to transfer money from Citibank account online:

  1. Download Cointab app for Android or iPhone
  2. Install app using mobile number which is registered in your Citibank account
  3. For bank account registration, select Citibank
  4. All your Citibank accounts will be registered and activated for mobile banking
  5. Generate Citi banking PIN
  6. Select Transfer Money
  7. Enter beneficiary’s name
  8. Enter beneficiary’s bank account number & IFSC code
  9. Enter amount
  10. Enter your banking PIN (which you generated in the previous step)
  11. Money will be debited from your Citibank account and credited in recipient’s bank account in real-time
  12. You’ll get an SMS from Citi about the transaction. Recipient will also receive an SMS from their bank

Online transfer of money from your Citibank account is a very simple and quick process and you can use the transfer money service whenever required. Please keep in mind that the maximum transfer limit is Rs. 1,00,000 per day and 10 transactions per day.

Features of Online Money Transfer Service

Real-time fund transfer from your bank account to anyone in India

Online fund transfer service from Citibank enables you to transfer money from your account to anyone in India. Recipient can have a bank account with any bank in India and yet money can be transferred in real-time.

Transfer money without adding beneficiary

Using Citibank transfer money facility you can do fund transfer without adding beneficiary. After downloading and registering for our app, you can immediately transfer funds to beneficiary by specifying their bank account number and IFSC code.

Transfer money to Self account

Online fund transfer facility also allows you to transfer funds between Self accounts. If you have multiple accounts with Citi then you can do fund transfer between your accounts. In fact if you have accounts with other banks then also you can do a Self account transfer from your Citibank account.

Transfer money to BHIM UPI ID

Online money transfer service by Citibank also enables funds transfers to beneficiary’s BHIM UPI ID so that you don’t have to request for their bank account number & IFSC code and can instead do fund transfer directly on their BHIM UPI ID. Like other modes of transfer, BHIM UPI transfer via bank account works in real-time and money is credited in beneficiary’s bank account in real-time.

Transfer money to mobile number

Another big advantage of Citi fund transfer service is the ability to transfer money to a mobile number. This helps you easily transfer money to friends and family without requesting for their bank account number or BHIM UPI ID.

High transaction limit

As per the bank’s online money transfer policy, you can make upto 10 transfers on a daily basis, upto a total of Rs. 1,00,000.

No charges for online money transfer service

Online fund transfer service is offered by Citibank free of cost to its customers so that they can seamlessly transfer money as and when required. Like NEFT / RTGS / IMPS, there are no charges for transferring funds via BHIM UPI using our app.

24x7 service

Money transfer service works 24x7 so that you can transfer money to beneficiaries in real-time as and when required. This service also works at night, on weekends and on bank & public holidays so that you can transfer money from your Citi account easily.

Online Transfer Money service benefits

Time saving: Using online Citibank transfer money service you can immediately transfer funds to beneficiary, without writing a cheque or withdrawing cash from the branch or ATM. This helps you save a lot of time.

Easy access: Fund transfer service is completely online and can be used 24x7, throughout the year.

Cost saving: There are no fees for using Citi money transfer facility and you can transfer money to beneficiaries as and when required without worrying about transaction charges.

Security: All Citibank mobile banking transactions are 100% secure due to linking of your account on your mobile number and your banking PIN

Multi Purpose: In addition to transferring money to beneficiary, you can also use Citibank money transfer service to recharge your mobile / DTH, pay electricity / gas / credit card bill, buy insurance, book fixed deposit, buy mutual fund, etc.

Security of Citibank Online Transfer Money

Citibank Online Fund Transfer is fully secured in following ways:

  1. UPI registration for your Citibank accounts can only be done on your mobile due to linking of your mobile number with your bank account
  2. To use BHIM services, you have to create a new UPI PIN using your debit card
  3. To perform financial transactions you have to use your Citibank UPI PIN. Without this PIN, no transaction will go through
  4. You can also set up app password so that no one can even open the app without knowing your app password
  5. You can also create a PIN or pattern lock for your phone so that no one can open your mobile

Citibank Online Money Transfer Timing

  • You can use UPI services on all days, including Saturday and Sunday
  • BHIM can be used at night as well
  • As banking is very crucial, you can use Citibank UPI facility even on bank holidays and public holidays
  • You can use BHIM services throughout the year

Eligibility conditions for using Online Money Transfer Service

For using Citibank Online Transfer Money service you have to meet the following requirements

  • You must have a savings or current account with Citibank
  • Your mobile number must be registered with your bank
  • You should be using either Android or iPhone mobile phone
  • You should be having an internet connection either via SIM card or WiFi

Online Transfer Money Service Limitations

Please keep in mind the following limitations of Citibank online fund transfer service:

  • It will not work if your mobile number is not registered in Citibank
  • Without Android or iPhone mobile phone, it will not work
  • Without internet connection, it will not work
  • One can only transfer upto Rs. 1,00,000 per day per bank account
  • One can transfer upto 10 times per day per bank account

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