FREE Money Transfer Using NEFT
If you want to transfer money from one bank to another bank, you can use NEFT transfer. NEFT stands for National Electronic Fund Transfer. You can do NEFT transfer from any bank or you can use internet banking facility of your existing bank. You can use the NEFT transfer for transferring funds for FREE and is is available in internet banking of most banks. If you are doing NEFT transfer from a bank then the bank will charge a fee which is usually Rs 25. If you want to transfer money with in the same bank you can use third party transfer instead oft NEFT ransfer. I am using State Bank of India internet banking and they charge a fee of 5 rupees per transaction for NEFT transfer. NEFT transfer is FREE in banks like ICICI, HDFC .
For transferring money using the NEFT system you need the IFSC code of the bank branch besides the name and account number of the receiving person. IFSC stands for Indian Financial Systems Code and is an alpha numeric code. It is a unique code for each bank branch and identifies the name of bank and branch. The IFSC code will automatically appear if you select the bank and branch correctly in internet banking. The recipient will receive money with in few hours. I am using NEFT transfer for my business needs.
You will find NEFT transfer very useful for transferring money to your friends, relatives or for business needs.
hello, Please explain bank swift codes and what is its use. How to get our bank swift code?
Dear nagesh, SWIFT code is a banking code used for international bank transactions. The SWIFT code identifies the country and the bank name. You can contact your bank branch for getting the SWIFT code.
respected sir, I have no credit card. how can i apply?
Dear ravidharmarajan, You can get a credit card free.
http://www.shanavas.com/get-free-credit-cards-in-india/