2. EXCHANGE OF MONEY FROM ONE ACCOUNT
TO ANOTHER THROUGH COMPUTER
Cardholder-initiated transactions, using
a payment card such as a credit or debit card
Direct deposit payment initiated by the payer
Wire transfer via an international banking
network such as SWIFT
3.
4. NEFT- NATIONAL ELECTRONIC FUNDS
TRANSFER
RTGS- REAL TIME GROSS SETTLEMENT
IMPS- IMMEDIATE PAYMENT SERVICE
5. NEFT is the one of the most
prominent electronic funds transfer systems
of India
Started in Nov.-2005
It NEFT facilities are available in 30,000 bank
branches all over the country
There is no limit – either minimum or maximum
There is no restriction of centres or of any
geographical area within the country
10. Step 4 – Enter the beneficiary account or Credit
card number
Step 5 – Select the IFSC, using the bank and
branch name. Now you can add the beneficiary.
Remember, this is a one-time process.
Step 6 – Click ‘Add’, then ‘Confirm’
Step 7 – Authenticate yourself at the secure
access step, and wait for your confirmation
message
Post activation of a beneficiary, you can transfer
a maximum of Rs. 100,000/- to each
beneficiary for first 2 days
11. To make your funds transfer/Credit card
payment –
Step 1 – Go to Fund Transfer tab, and click
Transfer to other bank
Step 2 – Select account, beneficiary, and enter
the relevant details.
Step 3 – Accept the Terms and Conditions
Step 4 – Review the details, and, if all is
correct, confirm to complete the process