2. ο½ EXCHANGE OF MONEY FROM ONE ACCOUNT
TO ANOTHER THROUGH COMPUTER
ο½ Cardholder-initiated transactions, using
a payment card such as a credit or debit card
ο½ Direct deposit payment initiated by the payer
ο½ Wire transfer via an international banking
network such as SWIFT
3.
4. ο½ NEFT- NATIONAL ELECTRONIC FUNDS
TRANSFER
ο½ RTGS- REAL TIME GROSS SETTLEMENT
ο½ IMPS- IMMEDIATE PAYMENT SERVICE
5. ο½ NEFT is the one of the most
prominent electronic funds transfer systems
of India
ο½ Started in Nov.-2005
ο½ It NEFT facilities are available in 30,000 bank
branches all over the country
ο½ There is no limit β either minimum or maximum
ο½ There is no restriction of centres or of any
geographical area within the country
10. ο½ Step 4 β Enter the beneficiary account or Credit
card number
ο½ Step 5 β Select the IFSC, using the bank and
branch name. Now you can add the beneficiary.
Remember, this is a one-time process.
ο½ Step 6 β Click βAddβ, then βConfirmβ
ο½ Step 7 β Authenticate yourself at the secure
access step, and wait for your confirmation
message
ο½ Post activation of a beneficiary, you can transfer
a maximum of Rs. 100,000/- to each
beneficiary for first 2 days
11. ο½ To make your funds transfer/Credit card
payment β
ο½ Step 1 β Go to Fund Transfer tab, and click
Transfer to other bank
ο½ Step 2 β Select account, beneficiary, and enter
the relevant details.
ο½ Step 3 β Accept the Terms and Conditions
ο½ Step 4 β Review the details, and, if all is
correct, confirm to complete the process