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NEFT
NEFT – National Electronic Fund Transfer – This system of fund transfer operates on a Deferred Net Settlement basis. Fund transfer transactions are settled in batches as opposed to the continuous, individual settlement in RTGS. Presently,
Benifits
Charges
Benifits
- Handle Credit card payments from home.
- Faster because no demand drafts, cheques or letters.
- What is NEFT Funds Transfer?
A nation- wide funds transfer system, supporting the transfer of funds from any bank branch to any other bank branch.
Charges
Charges for NEFT is as listed in the following table:
| Outward Remittance through NEFT | |
|---|---|
| Upto Rs. 10,000/- | Rs. 2.50/- per transaction |
| Rs. 10,001/- to Rs. 1.00 Lakh | Rs. 5/- per transaction |
| Rs. 1.00 Lakh to 2.00 Lakh | Rs. 15 /- per transaction |
| Rs. 2.00 Lakh & above | Rs. 25/- per transaction |