2023 2024 Student Forum > Management Forum > Main Forum

 
  #2  
22nd November 2017, 11:29 AM
Super Moderator
 
Join Date: Aug 2012
Re: NEFT Form of State Bank of Hyderabad

State Bank of India offers Real Time Gross Settlement System (RTGS) & National Electronic Fund Transfer system (NEFT) which enables an efficient, secure, economical and reliable system of transfer of funds from bank to bank and from remitters account in a particular bank to the beneficiarys account in another bank across India.

RTGS:
An electronic payment system in which payment instructions between banks are processed and settled individually and continuously, on a real time basis, throughout the day available for transaction value of Rs.2.00 lacs and above

NEFT:
Another electronic payment system in which payment instructions between banks are processed and settled on deferred net settlement (DNS) basis at fixed times during the day. There is no minimum or maximum set transaction value for using this facility.

Information Required for transfer of Funds
Amount to be remitted
Account no. to be debited
Name of the beneficiary bank
Name of the beneficiary customer
Account no. of the beneficiary customer
Sender to receiver information, if any
IFSC code of the receiving branch.(IFSC Code is printed on cheque leaves.)

NEFT Form of State Bank of India



Quick Reply
Your Username: Click here to log in

Message:
Options




All times are GMT +5. The time now is 12:05 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
SEO by vBSEO 3.6.0 PL2

1 2 3 4