How to Schedule Fund Transfer in Kotak Mahindra Bank

Schedule Fund Transfer in Kotak Mahindra Bank: Kotak Mahindra Bank is one of the leading private sector banks in India, headquartered in Mumbai. This bank provides all banking products and financial services for individuals, retail customer and corporate. If you are a customer of Kotak Mahindra Bank, you can easily schedule a fund transfer to transact money to the beneficiary at a specific time online. This excellent feature of Kotak Mahindra bank will be very useful for the customer who needs to send or transfer the amount at a specific date and forget to do it. Are you such a kind of person? If yes, then this article is very helpful for you. Here, we are going to explain step by step tutorial on how to schedule fund transfer in Kotak Mahindra Bank.

Schedule Fund Transfer in Kotak Mahindra Bank

About Kotak Mahindra Bank:

Kotak Mahindra Bank allows you to transfer funds online via two ways such as internet banking and mobile banking.  In this post, we are going to explain how to schedule fund transfer in both methods. To schedule fund transfer in Kotak Mahindra Bank, you have to already register for internet banking and also you have to be already registered the beneficiary to fund transfer via NEFT and RTGS. Over and above you must know Kotak bank CRN and Password to login to internet banking and mobile banking. Let’s see the detailed steps to schedule fund transfer in Kotak Mahindra Bank via internet banking as well as Mobile banking.

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How to schedule fund transfer in Kotak Mahindra Bank on internet banking?

Step 1: First, you have to open the internet banking website of Kotak Mahindra Bank. You can search for it on Google or type https://netbanking.kotak.com/knb2/ on the address bar of your default browser.
Step 2: Now, you need to log into Kotak using your username and password. Kotak Mahindra Bank allows you to use your CRN or Card number as the username for login to internet banking. First, enter your username and click on ‘Next. And then type your password for login.

Fund Transfer using Kotak Internet banking

Step 3: Next, you need to enter the OTP for verification. Kotak will send a One Time Password to your mobile number as well as an email registered with the bank. Enter the received OTP on the website. Once it was verified, you can log in to your net banking account.
Step 4: After login, click on the ‘Payments / Taxes’ option services tab on the home page of the website. Then, select the ‘Payments and Transfer’ option from the list of sub-menus.
Step 5: Once you click on that option, it will lead you to another screen. There you will see the ‘Send Money section. You need to just click on it.
Step 6: Next, click on ‘Send to My Beneficiary’. It will show you the beneficiary list which you have added already. From that list, select any beneficiary for whom you want to schedule a fund transfer.

Kotak Mahindra Bank Fund Transfer

Step 7: Now, you have to enter the amount to be transferred and type remarks. Entering remarks is optional; you can enter them for your reference.
Step 8: Then, under the when to pay section you need to choose the payment mode. You have to now select the payment mode as ‘Schedule Payment’ to schedule the fund transfer and also select the date on which you want to send the money.
Step 9: After scheduling, click on the ‘Continue’ button at the bottom of the page for further proceeding. It will lead you to the new page where you have to check all the details like amount, beneficiary, schedule date, etc entered by you.
Step 10: Check all details once again. If it was flawless, then click on the ‘Confirm’ button. That’s all. Now, you have scheduled your fund transfer on Kotak Mahindra bank. The bank will intimate you about scheduled fund transfer, beneficiary and amount through email and SMS.

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How to schedule fund transfer in Kotak Mahindra Bank on Mobile App?

Step 1: First of all, you have to install the mobile banking application of Kotak Mahindra bank on your smartphone. The mobile banking app of Kotak bank was named ‘Kotak – 811 & Mobile Banking’.
Step 2: This Kotak bank’s mobile banking app was available for both android and iPhone users. So, you can download the app on your device from the respective application store such as Google Play Store and App Store.
Step 3: Once you installed the app on your device, open it and register your bank account on the app. To do so, enter your Kotak CRN number on the specified space. It will send you OTP via SMS or email for authentication. Enter it on the app to complete the registration process.

Fund Transfer in Kotak using Mobile app

Step 4: After registration and login to the app, click on the menu icon at the top right side corner of the main interface and then choose ‘Fund Transfer’ from the list of options.
Step 5: As like the net banking website, it will also display the beneficiary list you have added in net banking. Select the beneficiary to schedule a fund transfer.
Step 6: You have to enter the amount to be transferred and type remarks. Entering remarks is optional you may enter it for your reference. 
Step 7: Then, you need to choose the payment mode under the when to pay section. You have to now select the payment mode as ‘Schedule Payment’ to schedule the fund transfer and select the date you want to transfer the money.
Step 8: Then click on the ‘Confirm’ button after checking all details. That’s it. Now, you have scheduled your fund transfer on Kotak Mahindra bank via the mobile banking app. The bank will intimate you about scheduled fund transfer, beneficiary and amount through email and SMS.

Summary:

I hope the article about how to schedule fund transfer in Kotak Mahindra bank using net banking and mobile banking app is really useful for you. If you have any doubt or face any issues, feel free to ask us. Thank you!