Before you can send money by NEFT, RTGS or IMPS, you usually have to add the recipient as a beneficiary (payee) in your bank app or net banking. Here is exactly how, and what to watch out for.
What you need first
- The beneficiary’s full name (as per their bank account)
- Their account number
- The branch IFSC code — look it up with our IFSC finder if you do not have it
Step-by-step
- 1. Log in to your bank app or net banking.
- 2. Go to Payments / Transfers → Manage payees → Add beneficiary.
- 3. Enter the name, account number and IFSC. Re-enter the account number to avoid typos.
- 4. Confirm with the OTP sent to your registered mobile.
- 5. Wait for the cooling-off period (below), then send.
The cooling-off period
For security, most banks apply a cooling-off period of around 30 minutes to a few hours before a newly added beneficiary can receive a large amount. During this window you can often still send a small capped amount. Add the payee a little ahead of time if you have a big transfer planned.
UPI needs no beneficiary
If you only want to pay a small amount, UPI skips this entirely — just scan a QR or enter a UPI ID and pay instantly. See which method to use.
Safety tips
- Transfers go by account number, not name — double-check both number and IFSC.
- For a first-time payee, send a small test amount first.
- Never add a beneficiary on someone else’s instruction over a call — a common scam.
Frequently asked questions
How long does it take to add a beneficiary?
The payee is added immediately, but most banks apply a cooling-off period of about 30 minutes to a few hours before they can receive large transfers.
Can I send money without adding a beneficiary?
Yes, with UPI. NEFT, RTGS and IMPS to a bank account usually require the payee to be added first.
What details do I need to add a beneficiary?
The beneficiary’s name, account number and the branch IFSC code.
Limits, charges and procedures are set by the RBI, NPCI and individual banks and can change. Always confirm current details in your own bank’s app before a transfer. Last updated June 2026.