If you are looking for a way to create a beneficiary account in KVB, then you have come to the right place. A beneficiary account is a type of account that allows you to transfer funds to another person's account without any hassle. In this article, we will guide you through the process of creating a beneficiary account in KVB.
Step 1: Visit KVB Website
The first step in creating a beneficiary account is to visit the KVB website. You can access the website at www.kvb.co.in. Once you are on the website, you will see a navigation menu at the top of the page. Click on the ‘Personal Banking’ option from the menu.
Step 2: Click on ‘Register’
After clicking on the ‘Personal Banking’ option, you will be redirected to a new page. On this page, you will see a ‘Register’ button. Click on the button to proceed.
Step 3: Fill in Your Details
On the registration form, you will need to fill in your personal details such as your name, date of birth, address, and contact information. Once you have filled in all the required fields, click on the ‘Submit’ button.
Step 4: Verify Your Details
After submitting the registration form, you will receive an OTP (One-Time Password) on your registered mobile number. Enter the OTP in the designated field and click on the ‘Verify’ button to proceed.
Step 5: Add a Beneficiary
To add a beneficiary, click on the ‘Add Beneficiary’ option from the navigation menu. You will then be asked to fill in the details of the beneficiary such as their name, account number, and IFSC code. Once you have filled in all the required fields, click on the ‘Submit’ button.
Step 6: Verify the Beneficiary
After submitting the beneficiary details, you will receive an OTP on your registered mobile number. Enter the OTP in the designated field and click on the ‘Verify’ button to proceed.
Step 7: Wait for Approval
Once you have submitted the beneficiary details and verified them, you will need to wait for approval from KVB. This process can take up to 24 hours. You will receive a notification on your registered mobile number once the beneficiary has been approved.
Step 8: Transfer Funds to the Beneficiary
Once the beneficiary has been approved, you can transfer funds to their account by clicking on the ‘Transfer Funds’ option from the navigation menu. Select the beneficiary from the list of approved beneficiaries and enter the amount you want to transfer. Click on the ‘Submit’ button to complete the transaction.
Conclusion
Creating a beneficiary account in KVB is a simple process that can be completed in a few easy steps. By following the steps outlined in this article, you can create a beneficiary account and transfer funds to another person's account without any hassle.
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