NEFT (National Electronic Funds Transfer).
NEFT is electronic funds transfer system, which facilitates transfer of funds to other bank accounts in over 63000 bank branches across the country This is a simple, secure, safe, fastest and cost effective way to transfer funds especially for Retail remittances. Customers can remit any amount using NEFT upto 2 lakhs.
Customer intending to remit money through NEFT has to furnish particulars of IFSC (Indian Financial System Code) of the beneficiary Bank/Branch, full account number and name of the beneficiary.
Customers can use this facility between 10 AM and 4 PM on all weekdays and between 10 AM to 1 PM on Saturday
The money will be credited to the beneficiary’s account on the same day or at the most next day in case the message is sent during the last batch of settlement.
