NEFT

• NEFT means National Electronic Fund Transfer

• Transfer of money to any bank within India having ISFC Code(part of the Banking Network)

• Transfer is very quick, safe and highly secured

• Transfer is totally seemless process

• Our bank's IFSC Code is SRCB0SAM001

• No limit on the transaction amount

• NEFT transfers take place in a Batch Mode (Deferred Net Settlement - DNS)

• The amount is automatically credited to the beneficiary account on settlement

• The beneficiary is intimated on the transfer through SMS

• Brief narration also can be given while making the transfer

• Customer should ensure proper IFSC code and beneficiary Account

• Bank is not responsibile for the transfer to a wrong bank or account given by customer during the transfer

• Customers are advised to double check the IFSC code and A/c number of beneficiary before transferring any funds

• NEFT system doesn't cross check the A/c name of the beneficiary

• The customer should demand the UTR no. for the transfers made which is used for tracing

• In the event of non-existence of the IFSC and beneficiary A/c no. combination the transaction is returned and the money is credited back

• The customer has to reinitiate the transaction afresh in event of any transaction returns

• Currently Outgoing Transfers are available during bank business hours

• Incoming Transfers are available as per RBI's schedules