Do you want to know about NEFT money transfer and how long does it take to transfer money through NEFT then you will get to know everything about NEFT from this post. People want to know information about NEFT so I provided all the information about NEFT in this post.
What is NEFT?
The full form of NEFT is the National Electronic Funds Transfer. NEFT was started in 2005. Nowadays all the popular banks give us the facility of NEFT. NEFT is 24*7 available. You can transfer funds at any time without any problem.
It is a nation-wide payment system which allows us to transfer funds from one bank account to another bank account. With the help of NEFT, one can easily transfer funds from one bank account branch to another bank account branch. There is no any lower limit and upper limit of fund transfer.
You don’t need to visit the bank branch to transfer funds to another bank account. You can easily transfer funds online by net banking using NEFT. You can transfer funds all over India and you can transfer funds to Nepal also with the help of NEFT.
How long does it take to transfer money through NEFT in 2021?
You can transfer the fund at any time. It is 24*7 available. This NEFT service is available on all the holidays including bank holidays. The minimum time taken is 2 hours when you transfer money through NEFT.
How to transfer money through NEFT online?
If you want to transfer money through NEFT online then you have to follow the steps which I provided below.
Step 1: Log in to your account on the bank official website. You will get the username and password from the bank.
Step 2: Go to the NEFT Fund transfer option.
Step 3: Click on Add Beneficiary by providing details like Account holder name, Bank Account Number, IFSC Code.
Step 4: When you add beneficiary successfully you can enter the amount how much you want to transfer.
Note: When you add beneficiary it takes some time like 30 minutes or one day also. It depends upon the bank to bank.
How to transfer money through NEFT offline?
You need to visit your bank account branch then you have to ask bank employees for the NEFT money transfer form. They will give you the form where you have to mention all the detail like your name, the beneficiary name, beneficiary account number, and other details.
Charges for NEFT
- Rs. 2.50 for the transaction of up to Rs. 10,000.
- Rs. 5 for transaction of Rs. 10,000 to Rs. 1,00,000.
- Rs. 15 for transaction of Rs. 1,00,000 to Rs. 2,00,000.
- Rs. 25 for the transaction of more than Rs. 2,00,000.
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