National Electronic Funds Transfer (NEFT) is a nationwide payment system facilitating one-to-one funds transfer. In this payment method, individuals, firms and corporations can electronically transfer funds from any bank branch to any individual, firm or corporate with an account with any other bank branch in the country that is eligible for NEFT.
NEFT is the way to go from transferring funds abroad to paying a huge amount to your colleague
The NEFT transactions can be credited to the beneficiary account within 30 minutes.
NEFT transactions ensure a multi-step verification process for safe transactions
With NEFT, you don’t need to physically visit the bank anymore for any transaction.
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