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National Electronic Fund Transfer (NEFT) and Real Time Gross Settlement (RTGS) allow individuals, companies and firms to from one bank to another. You can check the website for a list of and RTGS-enabled branches of your bank. These facilities can only be used for within the country. To opt for these, you need to fill a form providing your or the beneficiary&s details & name, bank branch where the account is held, the Indian Financial System Code, a unique code for identifying the branch, and the account number and type. You have to submit a cheque while opting for this facility. You can also through
These are third-party transfers and the option is available under the same header on your home page.
How much can be transferred?
There is no ceiling on the minimum or maximum amount that can be transferred through
You can even transfer Re 1. However, a minimum of Rs 2 lakh must be transferred through the service. There is no cap on the maximum amount, though. However, banks may restrict the amount you can transfer in one day. For example, allows a maximum of Rs 10 lakh to be transferred in a day.
What are the charges applicable?
According to RBI, banks cannot levy any charge for inward remittances or on receipt of funds. However, it has capped the charges on outward transfers through and
For transfers through the former, you need to pay around Rs 5-25, depending on the amount. Banks cannot charge more than Rs 5 for any transfer up to Rs 1 lakh, Rs 15 for Rs 1-2 lakh and Rs 25 for those above Rs 2 lakh. Under RTGS, you have to pay Rs 25 for Rs 2-5 lakh and Rs 50 for anything above Rs 5 lakh.
How are the two different?
operates on a deferred net settlement (DNS) basis and settles transactions in batches. The settlement takes place with all transactions received till a particular cut-off time. It operates in hourly batches & there are 11 settlements from 9 am to 7 pm on weekdays and five between 9 am and 1 pm on Saturdays. Any transaction initiated after the designated time would have to wait till the next settlement time. In RTGS, transactions are processed continuously, all through the business hours. RBI&s settlement time is 9 am to 4:30 pm on weekdays and 9 am to 1:30 pm on Saturdays. Banks can function within this time frame or change it. Here, transfers made are quick and can be helpful in emergencies.
What if the amount does not get credited?
If the transaction fails, the beneficiary&s bank must return the amount to your bank within two hours and the transaction must be reversed. Also, the bank must transfer the amount to your account within 30 minutes of receiving the same. The process can work quickly for . But, in case of the entire process could take an additional three-four hours.
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1)&&electronic funds
This paper analyzes lawful relationship of electronic funds transfer which should confirm lawful responsibility based on whether to set up safety process, whether the process is safe and how to set up safety process between banks and customers.
本文分析了电子资金划拨的法律关系,并重点阐述了未经授权电子资金划拨应根据银行与客户是否建立安全程序、安全程序是否安全、安全程序建立的过程等具体情况来认定法律责任的观点。
2)&&electronic fund transfer
电子资金划拨
Really, electronization, digitized era is already come, electronic fund transfer becoming generally used the way in fund payment and balance day by day in our daily life, therefore how to use the law to solve the contradiction and dispute produ.
确实，在电子化、数字化时代已经到来的今天，电子资金划拨日益成为我们日常生活中所普遍运用的资金支付与结算方式，因而如何运用法律来解决在电子支付中产生的矛盾与纠纷，特别是如何确定银行及客户应当承担何种法律责任的问题，就显得非常迫切而现实。
3)&&Electronic Fund Settlement
电子资金结算
4)&&electronic fund transfer act
电子资金划拨法
5)&&electronic funds transfer
电子资金划拨
Electronic funds transfer is an important part of electronic commerce, the study on antitrust issues of small-value electronic funds transfer systems if also important.
电子资金划拨是电子商务的重要组成部分 ,小额电子资金划拨中的反垄断问题是亟待研究的重要问题。
Nowadays, electronic funds transfer system has been more and more used in international finance and sale of goods in order to transfer funds or discharge debt.
计算机技术的产生与发展为国际支付带来了划时代的变革，国际货物买卖与国际金融交易已经在越来越大的程度上依靠商业性电子资金划拨系统来调拨资金和清偿债务。
Electronic Funds Transfer of E-bank is one important link in the process of Internet bank business activities.
网上银行电子资金划拨就是网银业务开展过程当中所涉及的一个重要的环节。
6)&&Electronic Funds Transfer EFT
电子资金转帐
补充资料：电子资金调拨系统EFT
电子资金调拨系统EFT
【电子资金调拨系统E件1通过电子系统来进行户头之间的转帐及结算的方式。包括通过现金出纳机进行结算;商户自动银行业务或家庭自动银行业务以及维萨电子卡等，即在购物时能用联机实时系统立即进行结算的系统。
在美国议会中，从1983年起就对信用卡、存取卡等的电子资金转帐(EFT)进行过讨论。因为1978年美国曾经制定了电子资金转帐法(Electronic FundT玲Lnsfer Act)，其后随着电子设备的日新月异，必须对其加以修改，而成立了电子资金调拨系统国家委员会NCEFT(National Cornnussioll on Electronie Fund Trans-fer)。
该议会讨论的重点是，因电子计算机的机械性错误给存款人带来的损害，或者现金出纳机被窍用以及不正当提款等的防护问题。其它国家尚无此种立法，在议会上也未曾提出讨论过。但是，随着电子计算机犯罪的增多，对这种保护消费者立法的要求也会随之而增强。
说明：补充资料仅用于学习参考，请勿用于其它任何用途。}