NEFT NATIONAL ELECTRONIC FUND TRANSER

Views:
 
Category: Education
     
 

Presentation Description

CLASS 11TH BUSINESS STUDIES

Comments

Presentation Transcript

PowerPoint Presentation:

Can you read the name of this PREMISES?

What are the functions of the bank?:

What are the functions of the bank?

PowerPoint Presentation:

On line system for transferring funds in which transfer of money takes place from one bank to another on net basis.

NEFT FORM:

NEFT FORM

HOW DOES THE NEFT SYSTEM OPERATE?:

HOW DOES THE NEFT SYSTEM OPERATE?

FAQ-:

FAQ- Who can transfer funds using NEFT? Individuals, firms or corporates maintaining accounts with a bank branch can transfer funds using NEFT. Even such individuals who do not have a bank account (walk-in customers) can also deposit cash at the NEFT-enabled branches with instructions to transfer funds using NEFT. However, such cash remittances will be restricted to a maximum of Rs.50,000

PowerPoint Presentation:

. What are the operating hours of NEFT? Presently, NEFT operates in hourly batches - there are twelve settlements from 8 am to 7 pm on week days (Monday through Friday) and six settlements from 8 am to 1 pm on Saturdays.

PowerPoint Presentation:

What is IFSC? : IFSC or Indian Financial System Code is an alpha-numeric code that uniquely identifies a bank-branch participating in the NEFT system. This is an 11 digit code with the first 4 alpha characters representing the bank, and the last 6 characters representing the branch. The 5th character is 0 (zero). IFSC is used by the NEFT system to identify the originating / destination banks / branches and also to route the messages appropriately to the concerned banks / branches.

PowerPoint Presentation:

How can the IFSC of a bank-branch be found? Ans : Bank-wise list of IFSCs is available with all the bank-branches participating in NEFT.List of bank-wise branches participating in NEFT and their IFSCs is available on the website of Reserve Bank of India at http://www.rbi.org.in/Scripts/bs_viewcontent.aspx?Id=2009 . All the banks have also been advised to print the IFSC of the branch on cheques issued to their customers.

TEST YOUR SELF:

TEST YOUR SELF Who can transfer fund using NEFT? What is IFSC? How can we find out the IFSC CODE?

ASSIGNMENT :

ASSIGNMENT VISIT ANY BANK WEBSITE AND EXPLORE THE INFORMATION REGARDING NEFT. OR VISIT ANY BANK TO KNOW THE IFSC CODE OF THAT BRANCH.

PowerPoint Presentation:

PREPARED AND PRESENTED BY JYOTI LUTHRA (PGT COMMERCE) KENDRIYA VIDYAYALAY MANDSAUR

authorStream Live Help