Bank of India Net Banking : How to Login and Transfer Funds?

Q: How can I activate net banking in the Bank of India without an ATM?

Account-holders who don’t have an ATM card need to visit the bank branch to register for net banking services.

Bank of India was founded in 1906 by a businessman from Mumbai. The bank was nationalized in 1969 with 13 other banks in the country. BOI has more than 5000 branches across India and a presence in 18 countries around the world. Bank of India net banking provides customers with an easy system to make online payments anytime and anywhere.

Net banking and mobile banking facilities have simplified the banking processes. Customers no longer have to visit the branch for every transaction. You can access online banking services from computers, laptops, tablets, and smartphones with an internet connection.

BOI net banking services can be availed by registering at the bank and gaining access to the online portal by creating a user account. In this article, you’ll learn about registering, logging in, setting/ resetting passwords, transferring funds, etc., through BOI platforms in detail.

Bank of India (BOI) Net Banking

Online or digital banking services offered by the Bank of India are termed BOI net banking services. You need to sign in through the bank website to log in to your online account. You can transfer money to other bank accounts, file income tax, keep track of your transactions, and request loans through the account.

Both individual users and businesses can use net banking services. The Retail banking option is for individuals, while corporate banking is for businesses, non-profit organizations, and other associations. BOI also offers a mobile app to facilitate mobile banking. The customer care contact information is also available on the bank website.

Requirements for BOI Net Banking Registration

Creating your Bank of India net banking account will offer a range of benefits. Here’s what you need to apply for net banking registration in BOI.

Mobile Number: Register your active mobile number with the bank to complete net banking registration and get updates about transactions.
Bank Passbook: It has your account details such as account number, account type, customer ID, etc.
ATM Card: You should have an active debit card to open your net banking account.
ID Proof: Provide a photocopy of your Aadhar/ PAN/ Voter ID/ Passport, etc., as ID and address proof.

You can fill out the net banking registration form at the branch or use the bank website to register for online banking services.

Features of BOI Net Banking

BOI Net banking allows you to access your account 24*7*365 at your convenience. Bank of India’s net banking facility has the following features:

A dashboard to access your operating and deposit accounts and maintain a record of your transactions with the bank.
Secure net banking and mobile banking services.
Set up instructions to stop cheque transactions.
View your past and recent transactions/ account statements.
Access your deposit accounts and their information (interest rate, deposit date, maturity date, etc.)
Order a new cheque book without visiting the bank branch.
Transfer money online through various methods such as NEFT, RTGS, and IMPS.
Pay income tax through your net banking account by filing the tax return through the BOI online banking dashboard.
Additional features and services are offered for NRI customers of the bank.

What is StarToken?

StarToken is a REL-ID-secured, next-gen online banking app developed by BOI. The users can use it on desktops, laptops, tablets, and smartphones to access net banking services through a secure platform. Bank of India has made StarToken mandatory for all net banking users to minimize the risk of cyberattacks.

StarToken uses the same user ID as your net banking account. However, you need to set a 4-digit PIN to open StarToken. It provides the following features:

Quick Banking: It allows you to transfer funds, check account balance, get a mini statement, know your last five transactions, and sync multiple accounts.
Star Connect: It allows you to open the BOI net banking website in a secure browser.
Search Branch: You can search for a BOI branch from any state/city.
Search ATM: You can find the ATM located in any city using this feature.
Change Secrets: It lets you change the PIN for StarToken, transaction passwords, or the secret question and answer.
Generate OTP: It allows you to set the validity period for OTP and set its ID & value.
24/7 Helpline: Find the phone numbers and email addresses to contact BOI customer care.

StarToken offers many benefits to banking customers:

Easy access to bank accounts
Secure platform for online fund transactions
Quick banking services for better results

How to Activate BOI StarToken?

Let’s look at the step-by-step procedure to download and activate BOI StarToken on your device.

Step 1: Make sure you have the ‘Login Credentials’ ready before starting the process.

Step 2: Go to the Bank of India website and ‘Log in’ to your net banking account (Retail Internet Banking). You will be redirected to the ‘StarToken Window’.

Step 3: Click on ‘Download Now’ to download the .exe file for ‘StarToken‘.

Step 4: ‘Install’ the file by running it on the computer.

Step 5: Once the installation is complete, a ‘Shortcut Icon’ will be created on the desktop.

Step 6: ‘Double-click’ the icon to start the StarToken App.

Step 7: ‘Click on Login’ and wait for a couple of seconds as StarToken establishes a secure connection.

Step 8: Enter your ‘User ID’ and ‘Submit’.

Step 9: Check the ‘Verification Key’ to ensure they match.

Step 10: Select Verification Key is correct, enter the ‘Activation Code’ and ‘Submit’.

Step 11: Contact ‘BOI Customer Care’ if the key doesn’t match. You can generate another verification code through ‘Reset’.

Step 12: Once you log in, set security questions and provide an answer. Make a note of the question and answer for the future.

Step 13: Set the ‘4-digit PIN‘ and ‘Submit’.

Step 14: The ‘StarToken App’ is now ready to use. You can log in to your account using the ‘User ID’ and ‘PIN’.

How to Reset BOI StarToken Pin?

You might need to change or reset the StarToken PIN for various reasons. Here’s how to do it:

Step 1: You need to enter the Wrong PIN 3 times to reset it.

Step 2: Open ‘StarToken’ and ‘Click on Yes’ when it prompts you to reset the account.

Step 3: Type in the ‘OTP’ you received on your Registered mobile number.

Step 4: Enter the answer to the ‘Security Question’.

Step 5: Use the ‘New Verification Code’ and ‘Activation Code’ to log in again.

Step 6: Set New Security Questions and PIN.

How to Activate Net Banking in Bank of India?

Follow the below steps to complete the Bank of India Net Banking registration process through the bank’s website.

Step 1: Go to https://www.bankofindia.co.in/ (official website)

Step 2: Click on ‘Digital’ on the ‘Home Page’ and go to ‘Internet Banking’.

Step 3: Select ‘Personal Banking’ and ‘Click OK’.

Step 4: Go through the instructions on the pop-up window and ‘Click OK’.

Step 5: Select the ‘New User’ option to access the registration screen.

Step 6: Enter your ‘BOI Account Number’, registered mobile number, and CAPTCHA.

Step 7: Click on ‘Continue’.

Step 8: Enter ‘ATM Card details’ to verify your account and click on ‘Continue’.

Step 9: Agree to the ‘Terms & Conditions’.

Step 10: Set the ‘Account Password’ on the new page and click on ‘Continue’.

Step 11: You will see a reference number, your account number, customer ID, login ID, name, and other details for net banking.

Step 12: You’ll also get a confirmation message on your registered mobile number.

Step 13: Go to the bank website and click on ‘Retail Internet Banking’.

Step 14: Use your ‘Login Credentials’ to activate and access your account.

How to Activate Mobile Banking in the Bank of India?

Account holders need to activate BOI Mobile Banking services to use the app for online transactions. Check out the steps below:

Step 1: Download Bank of India’s mobile app from the Google Play Store or Apple App Store.

Step 2: ‘Tap Next’ after reading the Welcome message.

Step 3: Tap ‘Proceed’ to go to the next page.

Step 4: Verify your Mobile Number (select the right SIM if you use a dual SIM phone)

Step 5: Wait for the verification SMS and confirm that the correct mobile number has been linked.

Step 6: Tap ‘Proceed’ to read the terms and create your ‘User ID’.

Step 7: Create a 6-digit PIN and press ‘Submit’.

Step 8: Register your account through Funds Transfer or View Only options.

Step 9: You can select the ‘Customer ID’ from the drop-down if you select ‘View Only’.

Step 10: Enter your ATM Card Details and tap ‘Submit’.

Step 11: Type in the OTP sent to your mobile number and Verify.

Step 12: Now enter the ‘Transaction Password’ and press ‘Submit’.

You are ready to access the BOI Mobile Banking Login to use your account

Advantages of Bank of India Mobile Banking

There are several advantages of using BOT mobile banking services:

Bank of India Mobile banking works 24*7*365
It’s convenient, reliable, and easy to use
It facilitates online transactions and paper-free services
Customers can contact customer care directly through the App.
It provides account information in real-time

BOI net banking login is easy and stress-free. You just need to follow the below steps:

Step 1: Open the bank’s official website https://www.bankofindia.co.in/. Look for Internet Banking on the right panel and click on ‘Personal’.

Step 2: On the New page, you will notice a section for ‘Retail Login’.

Step 3: Under the User ID, Password, and CAPTCHA.

Step 4: Click on ‘Submit’ to go to the homepage of your account.

Step 5: Corporate users should select Corporate instead of Personal on the bank’s main page.

Step 6: The new page will have a Corporate Login Section.

Step 7: Enter the Details and ‘Submit’.

How to Transfer Money from Bank of India Net Banking?

Bank of India’s net banking facility allows you to send money online to different bank accounts. You can transfer money from one BOI account to another or any other third-party bank account.

Step 1: Login through StarToken and use the secure Star Connect browser to access your account.

Step 2: Enter the User ID, Password, and CAPTCHA in the login browser.

Step 3: Click on the ‘Transfer Option’ in the header menu.

Step 4: Select the type of Transfer based on the beneficiary account (BOI to BOI transfer or third party transfer).

Step 5: Choose between NEFT, RTGS, and IMPS payments.

Step 6: When you click on either option, you will see a subsection to ‘Add beneficiary, view/ delete beneficiary’, and make a payment.

Step 7: If you already added the beneficiary, click on Make a payment.

Step 8: Otherwise, click on ‘Add Beneficiary’.

Step 9: Enter the Name, Account Number, Account Type, Address and IFSC Code of the Beneficiary. Save the beneficiary details. Payment may take up to a few hours.

Step 10: Bank of India net banking money transfer is faster when the beneficiary is already added. When you click on make a payment, a new page will load.

Step 11: Fill in the details beneficiary nickname (select from the drop-down list), amount, and remarks. Another option of a debit account will appear if you have more than one operating account.

Step 12: Click on ‘Pay’.

Step 13: Type the ‘Transaction Password’ to complete the payment and click on ‘Pay’.

Step 14: Make a note of the hot payment number and save a copy of the transaction receipt.

Transaction Limits and Net Banking Charges on BOI Net Banking

Let’s read about Bank of India net banking charges set for online money transfers through personal and corporate accounts.

NEFT

Up to Rs. 10,000 (per transaction): Rs. 2.50+ service tax
Above Rs. 10,000 (per transaction): Rs. 5+ service tax

RTGS

Outward payment: Rs. 5+ service tax (per transaction)

IMT

Sender limit: Rs. 10,000 per transaction
Receiver limit: Rs. 25,000 per month

The transaction limits are different for personal and corporate accounts to suit varying requirements.

Personal Users (Per Transaction)

NEFT: Rs. 10 lakh
RTGS: Between Rs. 2 lakh to Rs. 10 lakh

Corporate Users

Corporate accounts are further classified based on whether the user provided details for hierarchy and workflow.

No Hierarchy and WorkFlow (Per Transaction):

NEFT: 25 lakhs
RTGS: 25 lakhs
Third-party transfer (within BOI): 25 lakhs
Tax Payment: 5 crores
Payments: 10 lakhs

With Hierarchy and Workflow (Per Transaction):

NEFT: 50 lakhs
RTGS: 1.5 crores
Third-party transfer (within BOI): 1.5 crores
Tax Payment: no limit
Payments: 10 lakhs

How to Add Beneficiary in Bank of India Net Banking?

Adding the beneficiary of the payee in advance to your net banking account will result in faster transactions.

Step 1: Open StarToken, and enter your ‘User ID and PIN’.

Step 2: Click on Star Connect to open the BOI website in a secure browser.

Step 3: Enter the Login ID, Password, and CAPTCHA.

Step 4: Click on ‘Transfer’ from the menu tab.

Step 5: Click on the type of payment you want to make (NEFT, RTGS, or IMPS).

Step 6: Then, Click on ‘Add Beneficiary’.

Step 7: Fill in the following details:

Nickname
Beneficiary name
Beneficiary address
City
State
Country
Pin code
Beneficiary phone number
IFSC code of the beneficiary bank
Click on ‘click here to find IFSC’ if you don’t know the code or you can use Findyourbank Website to get your IFSC Code.
Select Beneficiary account type (savings/ current)
Add the Beneficiary account number and reenter it in the next field.

Step 8: Click on ‘Add Beneficiary’.

Step 9: Enter your ‘Transaction Password’ when the page reloads and complete the process.

Step 10: Approve the beneficiary by entering the OTP sent to your registered mobile number.

Setting and Resetting Password on BOI Net Banking?

You need to set the password when you first register and activate your BOI net banking account. After that, you can change the password when it expires or even otherwise.

Login to your BOI Net Banking Account.
The number of days that remain for the expiry of your login and transaction passwords will be displayed under the menu bar.
Click on the ‘Login Password Information’ to open a new page.
Enter your Current password and the new password, and re-enter the new password.
Save the Passwords to reset them.
Follow the same procedure for transaction passwords by clicking on the link with the transaction password expiry details.

You can also access your passwords and reset them through ‘My Profile’.

How to Check Account Balance Using BOI Net Banking?

Here are the different ways to check your account balance in BOI:

Missed Call

Give a missed call at +91 90151 35135 from your registered mobile number. You can give a missed call at +91 92661 35135.

ATM

Insert the ATM card into the machine and enter the PIN number. Press Balance Enquiry, check the balance, and close the transaction.

StarToken and Net Banking

Login to the StarToken app on your device and click on Quick Banking. Then click on Balance Enquiry and select the account whose balance you want to check.

You can also log in to your BOI net banking account to see the balance amount displayed on your account’s home screen.

Mobile Banking

Log in to the BOI mobile banking app. You can use BOI BTM, BOI StarGlobal, or BOI StarToken app to check your balance for free.

Conclusion

We hope our Bank of India Net Banking guide will help you use online banking services and avail of digital transaction methods. Go through the below FAQs if you have any questions. Net banking is fast, easy, and hassle-free.

Frequently Asked Questions

How can I Activate Net Banking in the Bank of India without an ATM?

Account holders who don’t have an ATM card need to visit the bank branch to register for net banking services.

Can I Transfer Funds in my PPF Accounts through Internet Banking?

Yes, you can transfer funds to your PPF account by adding the account as a third-party payee.

How Long does it take to Activate Internet Banking in BOI?

The bank website states that the activation credentials will be mailed to your address in ten working days. Online activation takes only a few hours at the most.

What is BOI UPI ID?

UPI ID is a unique Virtual Payment Address or identifier linked to your BOI account. It allows quick payments through the mobile app.

How Can I Check My Account Balance Online in BOI?

You can monitor your account balance online by logging into the BOI mobile app, opening the StarToken app, or by logging into your BOI net banking account through the website.

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