You can do NEFT even without a bank account. For this, money has to be deposited in any NEFT enabled branch.
Do you know that you can do NEFT even without a bank account. For this, you have to deposit money in any NEFT enabled branch. Here we are going to tell you the whole process of this.
You can do National Electronic Funds Transfer System (NEFT) even without a bank account. For this, money has to be deposited in any NEFT enabled branch. After this, the bank takes the address, email ID, contact number and some other information from you and money transfer is done from NEFT. However, there is a transfer of a maximum of 50 thousand rupees. This facility is available only in NEFT enabled bank. For this, the Reserve Bank (RBI) has issued a list. In which it has been told which banks are NEFT enabled.
How much does it cost to charge NEFT
NEFT, if it is being done through internet or mobile banking, then there is no charge on it. A transfer of up to Rs. 10 thousand from the bank entails a check of Rs. 2.50. There is a charge of Rs 5 for sending from 10 thousand to 1 lakh rupees, 15 rupees for sending 1 lakh to 2 lakh rupees and 25 rupees for transfer of more than 2 lakh rupees.
Transfer money like this
To do NEFT online, you have to open your banking account. After this, the option of NEFT Fund Transfer will have to be selected. Now, by sending money, the name, bank account number and IFSC code will have to be entered. After this, the option of OK has to be selected. It takes about 10 to 15 minutes for the first time recipient’s name to be added. You can NEFT the recipient’s name as soon as it is added. Now enter the amount you want to send and click on the send button, your money will be transferred. At the same time, if you want to send money from the bank, then you have to go to a NEFT enabled bank. Here, you have to take the form of NEFT and fill it. In this, you have to fill your details first. After this, the details of the person who has to send the money, bank account number, IFSC code, etc. will have to be filled. Now you have to give the bank the amount you want to send along with the form. You will also have to pay a charge based on the amount of money sent in it. After this, the bank will transfer the money to the account of the person concerned.
NEFT has many advantages
NEFT is a very simple and secure means of sending money to anyone. If you use online banking, you do not even need to go to the bank for this. If you do not use online banking and you do not have an account with the bank, you can still transfer money by going to NEFT enabled bank. As soon as the money is transferred, the bank gives you information through e-mail and SMS. NEFT does not require either of the two parties to go to the bank together. Within this, your money is transferred within a few minutes. NEFT you can do at any time. Its charge is also very low.
