How do you transfer the money through neft?

Answer 1

NEFT stands for National Electronic Funds Transfer. It is an electronic funds transfer scheme in India using which customers can transfer money from one bank account to another. It is initiated through internet banking. Below are the steps:

1. logon to internet banking with your credentials
2. select the account to which you wish to transfer funds (If it is a new account you would have to register the same before you can use it)
3. enter the amount you wish to transfer
4. choose if you want to do the transfer immediately or at a future date
5. Enter your secret pin/password to complete the transactions.

NEFT transactions usually are received in 1 or at max 2 working days in the receiver's bank account.

Note: Banks do not accept NEFT transactions on National/Banking holidays and Sundays