The document outlines various methods for transferring money electronically, including NEFT, RTGS, and IMPS, highlighting the ease of these transactions in India. NEFT, which launched in November 2005, allows transfers through 30,000 bank branches with no minimum or maximum limits. The document provides a step-by-step guide on how to add a beneficiary and complete the fund transfer process securely.

1. Ansif Ek
Roll no :03
Presented by : ANSIF EK

2.  EXCHANGE OF MONEY FROM ONE ACCOUNT
TO ANOTHER THROUGH COMPUTER
 Cardholder-initiated transactions, using
a payment card such as a credit or debit card
 Direct deposit payment initiated by the payer
 Wire transfer via an international banking
network such as SWIFT

4.  NEFT- NATIONAL ELECTRONIC FUNDS
TRANSFER
 RTGS- REAL TIME GROSS SETTLEMENT
 IMPS- IMMEDIATE PAYMENT SERVICE

5.  NEFT is the one of the most
prominent electronic funds transfer systems
of India
 Started in Nov.-2005
 It NEFT facilities are available in 30,000 bank
branches all over the country
 There is no limit – either minimum or maximum
 There is no restriction of centres or of any
geographical area within the country

6. HowItWorks?

8. Step 2 – Go to Fund Transfer tab.

10.  Step 4 – Enter the beneficiary account or Credit
card number
 Step 5 – Select the IFSC, using the bank and
branch name. Now you can add the beneficiary.
Remember, this is a one-time process.
 Step 6 – Click ‘Add’, then ‘Confirm’
 Step 7 – Authenticate yourself at the secure
access step, and wait for your confirmation
message
 Post activation of a beneficiary, you can transfer
a maximum of Rs. 100,000/- to each
beneficiary for first 2 days

11.  To make your funds transfer/Credit card
payment –
 Step 1 – Go to Fund Transfer tab, and click
Transfer to other bank
 Step 2 – Select account, beneficiary, and enter
the relevant details.
 Step 3 – Accept the Terms and Conditions
 Step 4 – Review the details, and, if all is
correct, confirm to complete the process