Most of us would have, knowingly or unknowingly, used the National Electronic Funds Transfer (NEFT) system to facilitate online transfer of funds from any bank branch to any other bank branch within India. Since NEFT forms the backbone for a good percentage of our financial transactions, it’s good to have some in depth knowledge on how this system operates.
Click here to read the Reserve Bank of India’s guide to the NEFT system.
Awareness Fridays is my new initiative to spread awareness on topics relevant to personal finance — every Friday. I urge you to take some time off and absorb this information — it’s pretty useful. And, as always, do spread the word if you find this useful.
Further reading:
- Awareness Fridays: A Case Study that Illustrates how the Deposit Insurance System Works in India
- Awareness Fridays: A Guide to the Deposit Insurance System in India
- Awareness Fridays: Guidelines for Exchanging Mutilated Currency Notes at Indian Banks
- Awareness Fridays: Guidelines for Customer Service in Indian Banks
- For Public Comment: Report of the Study Group on Migration from Paper Based Funds Movement to Electronic Funds Transfer
{ 2 comments… read them below or add one }
Anoop 10.10.08 at 8:52 am
Nice outlook for your blog!, I like it!. Hope you are doing good by the way! Im coming for a week by End october, will contact you then.
Cheers
Anoop
Vijaya K 10.11.08 at 12:49 pm
Awareness Fridays!!!
aha! that makes my life simpler; now I know when to visit your blog!
Me being a big zero in the financial matters, looking forward to get some lessons from your writings