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I have added anย interbank beneficiary online today and received SMS from Bank after a few hours that beneficiary is activated. However when i try to transfer the funds i am getting a msg saying that funds can be transferred to a new beneficiary only after 4 days. Please clarify
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For funds higher than 1 lakh rupees you have to wait 4 days before you can send the money to the recipient. Amount below 1 lac can be sent to the receiver as soon as the beneficiary gets added in your account. If you have less Rs. 10,000 to transfer you can choose quick transfer option to send money and you can send money to anyone immediately.
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