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
|