National Electronic Funds Transfer (NEFT)

GPTKB entity

Predicate	Object
gptkbp:instanceOf	gptkb:Electronic_funds_transfer_system
gptkbp:acceptsPaymentMethod	Retail
gptkbp:access	Mobile banking Bank branches Internet banking
gptkbp:availableOn	24x7
gptkbp:clearingHouse	gptkb:Reserve_Bank_of_India
gptkbp:country	gptkb:India
gptkbp:currency	gptkb:Indian_Rupee
gptkbp:eligibility	Individuals Corporates Firms Any account holder in participating banks Government departments
gptkbp:fareControl	Varies by bank
gptkbp:features	Regulated by RBI guidelines
gptkbp:launched	2005
gptkbp:maximumTransferAmount	No maximum
gptkbp:minimumTransferAmount	No minimum
gptkbp:operatedBy	gptkb:Reserve_Bank_of_India
gptkbp:purpose	Inter-bank fund transfer
gptkbp:regulates	gptkb:Reserve_Bank_of_India
gptkbp:relatedTo	gptkb:Immediate_Payment_Service_(IMPS) gptkb:Real_Time_Gross_Settlement_(RTGS)
gptkbp:settlementFrequency	Half-hourly
gptkbp:settlementType	Batch
gptkbp:transferMode	Account to account Cash to account (at branch)
gptkbp:transferTime	Usually within 2 hours
gptkbp:usedBy	Banks in India
gptkbp:bfsParent	gptkb:Payment_and_Settlement_System
gptkbp:bfsLayer	7
http://www.w3.org/2000/01/rdf-schema#label	National Electronic Funds Transfer (NEFT)