hi people i am sankari from chennai as we all had come across neft(national electonic funds transfer) ,as far concerned for kids aged from 10yr or more no need to submit any papers as they are below 18 so once u people decided to move funds on u r child just go to bank and fillin the form for neft with their parents once if the funds are confirmed then they will register and give u a 11 numerical code which is used whenever u want and u can transfer from any bank within India with the specified time ,as i said before incase of kids they will not ask for any papers as proof so if u crossed 18yrs or more if ur parents didn't open u a bank account it's not at all a problem u can fill in the form they give you and then u can enjoy the service done by them.......
IFSC-RTGS and NEFT Codes of any bank can be located in their respective Bank Sites.
In Indian Bank CIF stands for Customer Information File.
Indian Overseas Bank was created on 1937-02-10.
There are 28 presently nationalised banks in India. 1. State Bank of India 2. Bank of India 3. Indian Bank 4. Indian Overseas Bank 5. Canara Bank 6. Union Bank of India 7. Corporation Bank 8. IDBI 9. State Bank of Travancore 10. State bank of Hyderabad 11. Allahabad Bank 12. Oriental Bank of Commerce 13. State Bank of Rajashthan 13. Bank of Maharashtra 14. United Bank of India 15. Dena Bank 16. Bank of Baroda 17. State Bank of Patiala
Canara bank is a nationalized bank in India. By nationalized, it means that the Government of India owns this bank and is responsible for all the money that is deposited in it by the customers. Some other nationalized banks in India are State Bank of India, Indian Bank, Indian Overseas Bank etc.
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.
What is neft system?
National electronic funds transfer.......
National Electronic Fund Transfer from State Bank of India
IFSC-RTGS and NEFT Codes of any bank can be located in their respective Bank Sites.
The charges for RTGS (Real Time Gross Settlement) and NEFT (National Electronic Funds Transfer) vary from bank to bank. Typically, RTGS charges are higher than NEFT charges because RTGS is used for high-value, time-sensitive transactions. It is recommended to check with your specific bank for the most accurate and up-to-date information on these charges.
You need IFSC code for NEFT transaction and also you may require MICR code and swift code for international money transfers. All of these details can be found in this site: www.bankswiftifsccode.com
NEFT stands for National Electronic Fund Transfer. SBI indicates the State Bank of India. NH is the branch code for the branch in Idukki, one of the 14 districts of Kerala, India.
NEFTINWARD OP refers to the inward transactions processed through the National Electronic Funds Transfer (NEFT) system in India. It indicates the receipt of funds into a bank account from another bank via NEFT. The term "OP" typically stands for "operation," denoting the operational aspect of handling these inward transfers. NEFT is widely used for secure and efficient interbank fund transfers.
No. IFSC stands for Indian Financial Security Code. IFSC is alphanumerical in nature and every branch of all banks has its own unique IFSC code. Whereas NEFT stands for National Electronic Fund Transfer and for transferring of funds through NEFT also IFSC code is required.
RTGS and NEFT are related to funds transfer over the internet using your internet banking.RTGS Real Time Gross Settlement ( Minimum Amt Rs 1 lakh)NEFT National Electronic Funds Transfer (Any amt)IFSC is Indian Financial System Code. This is eleven digit alphanumeric code and unique to each branch of bank. First four tells about name of bank and remaining seven tells about branch number. This code is given on the cheque book. It also required to transfer the money by NEFT or RTGS if you don't know the address of branch.MICR Code stands for magnetic ink character Recognition.
NEFT-National Electronic Fund Fransfer