NEFT

The above graph represents the total value of the National Electronic Funds Transfer (NEFT) transactions in India by month, starting from April 2004 to October 2019. NEFT recorded 242.4 million transactions worth Rs 18,607.9 billion in the month of...

The above graph represents the monthly distribution of the total number of National Electronic Funds Transfer (NEFT) transactions in India, starting from April 2004 to October 2019. The number of NEFT transactions in India increased to 242.4 million in...

In a major reform by RBI, all online payment transfers done through NEFT or RTGS are made charge-free. It means that millions of online banking users in India, who indulge in NEFT or RGTS payment transfers actively, can have...