National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer. Under this Scheme, individuals, firms and corporate can electronically transfer funds from any bank branch to any individual, firm or corporate having an account with any other bank branch in the country participating in the Scheme.
There is no limit for amount to be transferred. The funds are transferred in ten batches during the day.
Timings For Transaction
• Monday to Friday: 8.00 am to 6.00 pm.
• Saturday: 8.00 am to 12.00 pm.
• Weekly off Sunday.