National Electronic Funds Transfer (NEFT)
National Electronic Funds Transfer or NEFT is a facility provided by the Reserve Bank of India (RBI), to make transfer of funds between bank accounts, convenient and secure. You can avail of the NEFT service to move your funds from any branch of any bank across India, to any other bank branch in the country. subscribe now for information and alerts to stay updated on New Fund Offers that get launched.
If your current payout method is Demand Draft or Pay Order, it takes at least 3-4 days until your payout is dispatched and reaches you. NEFT, on the other hand, allows your payout amount to be transferred on the same day or the next day. The advantage of choosing NEFT over your current payout method is that NEFT is secure, quick and involves minimum risk.
Enrolling for NEFT is a quick 3-step process. All you need to do is download the form, fill it correctly, and submit or forward it to us. Once your form is received, we will process it within a week’s time and you will receive a confirmation and statement of account for the same. After that, you will receive any redemption/dividend payout that you are eligible for, through NEFT.
No. We do not require you to make any payment to enrol for the NEFT facility. Your bank, however, may charge you a nominal amount to avail of NEFT. So you can check and confirm with your bank before enrolling for NEFT.
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