1. Who can send/receive money using SBI's online service IMT

A person can remit funds through State Bank of india's Instant Money Transfer service using a debit card of the lender. The beneficiary the person to whom the funds are sent can withdraw the whole amount at once from select SBI group ATMs without using a debit card, according to the SBI internet banking portal.

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2. Details required remitting funds using the online SBI Instant Money Transfer service

The remitter or the sender is required to provide the beneficiary's mobile number, name and address in order to send money using the bank's IMT service. SBI also provides a beneficiary registration facility which enables the remitter to send funds without entering the name and address details for making recurring payments, according to SBI.



3. How to withdraw money from SBI group ATMs using the IMT service (SBI online banking)

The State Bank of india Instant Money Transfer service is available at a limited number of ATMs on the lender's network. SBI has listed the following steps for an IMT beneficiary to withdraw funds from an SBI ATM supporting the service: Use bottom right option on the idle ATM screen against the Instant Money Transfer logo. Enter the mobile number (beneficiary). Enter the sender code. Enter the SMS code received on mobile. Enter the amount: The full IMT amount needs to be entered here and a partial withdrawal is not allowed. Select YES on the confirmation screen and collect the cash.

 


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