Awareness Fridays: The National Electronic Funds Transfer (NEFT) System

by Vinaya HS on October 10, 2008

in Finance

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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.




Thanks for reading this article. I'd love to hear your opinion. Please use the comments section below to share your thoughts. I frequently write new articles that also cover several other aspects of personal finance including credit cards, financial goals, health insurance, income tax, life insurance, mutual funds, retirement planning, and much more. You can Subscribe through Email and receive new articles directly in your Inbox or you can Subscribe through the RSS Feed and receive new articles in your feed reader.

{ 2 comments… read them below or add one }

Anoop October 10, 2008 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 October 11, 2008 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 :)

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