Skip to main content

Posts

Showing posts with the label Ways to transfer money online

How to tranfer money online?

Many of you may not know how to transfer money online.So,here i will discuss about the way's you can transfer your money online. 1.NEFT NEFT stands for National Electronic Funds Transfer.It is started in November 2005 in India.Through this, anyone can transfer funds from their bank account to another bank account.So,to transfer funds you need to add beneficiary of the account holder you want to transfer fund in your net banking system. The beneficiary contains the bank details of the account holder i.e. his bank account number and IFSC code of the branch In NEFT you can transfer funds ranging from Rs.1 to Rs.25L.The timing to perform NEFT is from 7 A.M. to 7 P.M. on any working day.It takes almost 3 hours to complete transactions.Charges for NEFT is ranging from Rs.5 to Rs.25 + Service Tax. 2.RTGS Full form of RTGS is Real Time Gross Settlement.It is a continuous real time process of fund settlement either individually or order by order.In simple words,money is transfered without a