NEFT (National Electronic Funds Transfer)

NEFT is electronic funds transfer system, which facilitates transfer of funds to other bank accounts in over 63000 bank branches across the country This is a simple, secure, safe, fastest and cost effective way to transfer funds especially for Retail remittances. Customers can remit any amount using NEFT

Customer intending to remit money through NEFT has to furnish particulars of IFSC (Indian Financial System Code) of the beneficiary Bank/Branch, full account number and name of the beneficiary.

Customers can use this facility between 9 AM and 7 PM on all weekdays and between 9 AM and 1 PM on Saturday. There are eleven hourly settlements between 9 AM and 7 PM on all weekdays and five hourly settlements between 9 AM and 1 PM on Saturdays.

The money will be credited to the beneficiary’s account on the same day or at the most next day in case the message is sent during the last batch of settlement.

Sreenidhi Bank offers NEFT facility to its customers through its branches.