- What is NEFT?
- How to Find Your Bank Account Number and IFSC
- What information is required?
- How will I know that I've been paid?
- Will my bank charge me for NEFT payments?
- What do I need to do if my bank account information changes?
- What if there's a problem making a payment using NEFT
- If I sign up for NEFT, can I change back to paper cheque at a later date?
What is NEFT?
NEFT (National Electronic Funds Transfer) is an electronic funds transfer system, which facilitates transfer of funds to other bank accounts across the country. It is widely used by all the largest banks and corporations because it is more efficient and secure than payment by paper cheques.