NEFT

NATIONAL ELECTRONIC FUND TRANSFER (NEFT)

What Is NEFT ?

NEFT is a payment system where instructions of payment between banks are processed and settled in batch mode. Funds can be transferred or received to/from any branch of any bank in India which is NEFT member. Payment is settled within two hours. By availing benefit of NEFT system one can manage the fund more efficiently and effectively. Presently there are 24 batches (Each batch runs after every half an hours). One can pay/received any amount by NEFT.

 

RTGS V/S NEFT SYSTEM

In NEFT customer can make payment of any amount. While in RTGS payment can be made only for Rs.2 Lac and above.

In NEFT payment instructions is being processed at fixed time interval. While in RTGS payment instruction is processed immediately.

   

NEFT/RTGS Charges

 

 

Procedure For NEFT System  

For payment through NEFT system, the Remitter ( Customer ) is required to submit the -NEFT Funds transfer application form -along with amount to be transferred plus Bank commission / Charges to any of our branches. The Remitter shall be responsible for the accuracy of particular given in NEFT application form.

YOU CAN TRANSFER FUNDS TO ANY BANK BRANCH ANY WHERE IN INDIA, IF IT IS PARTICIPATING IN RTGS. AT PRESENT, MORE THAN 22000 BANK BRANCHES ALL OVER INDIA ARE NEFT MEMBERS.

Details required for SENDING PAYMENTS through RTGS :-

Beneficiary (Receiver, To Whom You Want To Make Payment) Details :

  • Beneficiary Account Number
  • Beneficiary Bank Name
  • Beneficiary Branch Name
  • IFSC of Beneficiary Branch
  • Accounts Type - Savings / Current / Cash Credit

Details Required For RECEIVING PAYMENTS Through NEFT :-

 

BRANCH CODE BRANCH NAME IFSC
2 MASKATI MARKET NNSB0128002
3 NEW CLOTH MARKET NNSB0128003
4 SHANTI COMM CENTRE NNSB0128004
5 ASHRAM ROAD NNSB0128005
6 RAKHIAL NNSB0128006
7 BAPUNAGAR NNSB0128007
8 VASNA NNSB0128008
9 DRIVE IN ROAD NNSB0128009
10 PANJARA POLE NNSB0128010
11 JODHPUR-SATELLITE NNSB0128011
12 LAW GARDEN NNSB0128012
13 ISHANPUR NNSB0128013
14 NARANPURA NNSB0128014
15 NARAYAN NAGAR NNSB0128015
16 NEW SHARDA MANDIR NNSB0128016
17 VEJALPUR NNSB0128017
18 THALTEJ NNSB0128018
19 MANINAGAR NNSB0128019
20 CHANGODAR NNSB0128020
21 ODHAV NNSB0128021
22 BOPAL NNSB0128022
41 SURAT NNSB0128041
51 ANDHERI (W) NNSB0128051

 

15 DIGIT ACCOUNT PATTERN
BRANCH CODE 3 DIGITS ACCOUNT TYPE 2 DIGITS PRODUCT CODE 4 DIGITS ACCOUNT NUMBER 6 DIGITS
  10 - SAVING 1540 - SAVING  
11 - CURRENT 1500 - CURRENT
13 - CASH CREDIT 8230 - CASH CREDIT

EXAMPLE :

New A/c No. for old saving account number 1234 of law garden branch
012+10+1540+001234 = 012101540001234

New A/c No. for old C.C. account number 1234 of law garden branch
012+13+8230+001234 = 012138230001234

New A/c No. for old current account number 1234 of law garden branch
012+11+1500+001234 = 012111500001234

Download Form