NEFT

• National Electronic Funds Transfer (NEFT) system is a nationwide funds transfer system to facilitate transfer of funds from any bank branch to any other bank branch.
• The Beneficiary gets the credit on the same Day or the next Day depending on the time of settlement.
• The essential information viz., Beneficiary details such as Beneficiary Name and Account Number. Name and IFSC of the Beneficiary Bank Branch is to be provided by remitting customer..