State Bank Of India (SBI) is the country's largest lender.It offers National Electronic Fund Transfer (NEFT) for its customers for the transfer of money.People can transfer funds on public holidays by using this method.State Bank Of India had postponded the charges on NEFT and Real Time Gross Settlement (RTGS).It can be done by mobile banking , net banking etc.In case if a person is not having a bank account,he can transfer fund by visiting NEFT enabled branch.The NEFT is enabled on a 24*7 basis.It means that anyone can transfer funds at any point of time of the day.Earlier it was available for customers from 8 am to 7 pm on all working days with exception of second and fourth saturday of a month and sunday.If there is any problem in the transfer of money (in case of failed transfer ) the money will be returned to the account within 2 hours.No service charge is levied on NEFT transactions.
National Electronic Funds Transfer (NEFT)
NEFT is an electronic fund transfer system maintained by the Reserve Bank Of India (RBI).The transfer of fund in the NEFT system does not occur in real time basis.There is no limit - either minimum or maximum - on the amount of funds that could be transfered using NEFT.In September 2019 , 216.71 million NEFT transactions were made.At present NEFT facilities are available at 1,48,477 branches of 216 banks.
How to use SBI NEFT service
1. Log on to www.onlinesbi.com using Internet Banking and Password.Go to the Profile tab and click on the Manage Beneficiary link.
2. Select Inter Bank Payee from the options provided.Select 'ADD' option and provide the Beneficiary Name,Beneficiary account number , address and Inter-Bank Transfer limit in the relevant field.
3. Enter the IFSC code of the beneficiary bank branch.
4. Accept the Terms and Conditions.
5. A high security password is sent to the mobile number registered.Enter the password to authorize the beneficiary.
6. The Beneficiary is activated.To remit funds through NEFT select the 'Transfer/Transfer' tab.
7. Select the transaction type.The list of beneficiary account is added and displayed.
8. Enter the amount and select the beneficiary to be credited from the list.Click on 'accept terms of service' and confirm.
NEFT will help people in easy transfer of funds at any point of time.
National Electronic Funds Transfer (NEFT)
NEFT is an electronic fund transfer system maintained by the Reserve Bank Of India (RBI).The transfer of fund in the NEFT system does not occur in real time basis.There is no limit - either minimum or maximum - on the amount of funds that could be transfered using NEFT.In September 2019 , 216.71 million NEFT transactions were made.At present NEFT facilities are available at 1,48,477 branches of 216 banks.
How to use SBI NEFT service
1. Log on to www.onlinesbi.com using Internet Banking and Password.Go to the Profile tab and click on the Manage Beneficiary link.
2. Select Inter Bank Payee from the options provided.Select 'ADD' option and provide the Beneficiary Name,Beneficiary account number , address and Inter-Bank Transfer limit in the relevant field.
3. Enter the IFSC code of the beneficiary bank branch.
4. Accept the Terms and Conditions.
5. A high security password is sent to the mobile number registered.Enter the password to authorize the beneficiary.
6. The Beneficiary is activated.To remit funds through NEFT select the 'Transfer/Transfer' tab.
7. Select the transaction type.The list of beneficiary account is added and displayed.
8. Enter the amount and select the beneficiary to be credited from the list.Click on 'accept terms of service' and confirm.
NEFT will help people in easy transfer of funds at any point of time.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.