No
It's an instruction from one bank to another - to transfer funds between accounts.
transfer of funds from one bank to another
NEFT Stands for National Electronic Funds Transfer. This facility is available only for funds transfer within India from one bank to another. This facility is not available for international funds transfer. If you wish to transfer money from UK to India, use an international wire transfer or other money remittance options available to transfer funds from abroad to India.
It's an instruction from one bank to another - to transfer funds between accounts.
ACH stands for automatic clearing house but it is an electronic funds transfer from one bank to another
Banks can transfer funds from one account to another with your permission. Many banks have this option available to you when you open your account/s. Check with your financial institution.
eft
The fastest way to transfer funds electronically is by a CHAPS transfer, which sees the funds move instantly from one account to another. Almost all commercial and retail banks will offer this service, usually for a fee.
Wire transfer, bank transfer or credit transfer is a method of electronic funds transfer from one person or entity to another. A wire transfer can be made from one bank account to another bank account or through a transfer of cash at a cash office.
No, a wire transfer is not considered cash. It is a method of electronically transferring funds from one bank account to another.
NEFT stands for National Electronic Funds Transfer. It is an electronic funds transfer service that is available for the citizens of India to transfer funds electronically from one bank to another. All banks have a unique NEFT code using which the bank name and the branch can be identified. Whenever you initiate a funds transfer request using NEFT, the NEFT code of the bank which is supposed to receive the funds is mandatory.
Automatic Clearing House or ACH is also more commonly known to consumers as an Electronic Funds Transfer. It allows an electronic transfer of funds from one financial institution or account to another. Enabling time saving and efficient transfers of funds from consumers or businesses.