National Electronic Funds Transfer (NEFT)

GPTKB entity

Statements (52)
Predicate Object
gptkbp:instanceOf gptkb:Financial_Services_Company
gptkbp:allows Different banks
gptkbp:availableIn All days except bank holidays
gptkbp:baseLocation None for individual transactions
gptkbp:benefits Real-time processing
gptkbp:chargingTime Up to 2 hours
gptkbp:currency Indian Rupee
gptkbp:customerFeedback Available for users
gptkbp:customerService Any bank account holder
gptkbp:customerSupport Available through banks
gptkbp:established Online banking
gptkbp:filingCountry Required for record-keeping
gptkbp:financials Accessible online
Between different states
All_major_banks_in_India
gptkbp:funding Immediate after processing
gptkbp:hasResidence Customer support available
gptkbp:hasTransportation Available for users
Online or through bank branches
https://www.w3.org/2000/01/rdf-schema#label National Electronic Funds Transfer (NEFT)
gptkbp:integration Mobile_banking_apps
gptkbp:introduced 2005
gptkbp:is_committed_to SMS and email notifications
Required for large amounts
gptkbp:maximumDepth No limit
gptkbp:operatedBy gptkb:Reserve_Bank_of_India
gptkbp:paymentMethods Available
Electronic
1-2 hours
Instant
Possible under certain conditions
Varies by bank
gptkbp:regulatoryCompliance Reserve_Bank_of_India_guidelines
gptkbp:relatedTo RTGS
gptkbp:requires IFSC code
gptkbp:scholarships No upper limit
gptkbp:security Two-factor authentication
Yes
High level of security
gptkbp:services Varies by transaction amount
Convenient and fast
None for domestic transfers
24/7_since_December_2019
gptkbp:serviceType Retail payment system
gptkbp:supports Bulk payments
gptkbp:treaty Half-hourly
gptkbp:type Credit and debit transactions
Single and bulk transactions
gptkbp:updates Regularly provided by banks
gptkbp:usedFor Personal and business payments
gptkbp:userBase Individuals and businesses
gptkbp:userInterface User-friendly online platform