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How to Transfer Money through GCC

>> May 25, 2013

If you are seeing your online bank account very carefully, you will find the information about, how did fund transfer in your bank account. Most popular system of fund transfer from one bank to another bank are NEFT and RTGS. I think, you know both system.

But one of the new system of transfer money from one bank to another bank is GCC. GCC means green channel counter. This was started by SBI but know you can see this GCC in other Indian commercial banks like Indian overseas bank and PNB.

For transferring money through GCC, you need not to fill any form. There is very simple process which you can use.

1st Step : Check Whether There is GCC in the bank

First of all, you have to investigate whether there is GCC in the bank or not. I think all most all the SBI banks  have this facility.

2nd Step : Swip Your Debit Card in TPD

In GCC, you will see transaction processing device. This device will just like the small machine which you would see in the bus when ticket conductor would getting the rent of travelling and giving ticket with the small machine.  Now, select the option of transfer of your money. Now, fill the your PIN and account number of the party to whom you have to transfer the money. Write the money and after getting success you will get the print receipt. This receipt will tell you that your account has been debited and your beneficiary account has been credited.

You can also check your online bank account in which you will get following message

13-Jan-2013 BY TRANSFER Transfer through GCC
TRANSFER FROM 52048617965 Vimal Deshpandey   40,000.00
Main benefit of Using GCC

1. It need less paper.
2. No need to stand in the long lines in the bank  for transferring money

Category : Banking Terms

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Anonymous,  May 26, 2013 at 12:24 AM  

nice article

Anonymous,  March 5, 2015 at 7:04 AM  

how many green cards can be issued for 1 sbi account ........pls relpy fast

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