How to Do NEFT Through Net Banking?

How to Do NEFT Through Net Banking: In the present era, online banking made financial transactions easy and simple. Such types of facilities will become so popular like the National Electronic Funds Transfer (NEFT).

NEFT is one of the payment systems which will allow people and businesses to simply transfer money from one bank to another.

It is a secure and reliable process in that a person can send payments in a couple of minutes.

How to Do NEFT Through Net Banking?

Here, in this article, we are going to assist you with the process of how to do NEFT by using net banking.

Step 1: Log In To Your Net Banking Account

First of all, to do the NEFT by using net banking is to make a login into the bank’s net banking website.

You can be able to do this by simply entering your login Id and password on the official website of the bank.

When you get logged in to your account then you will simply get redirected to the dashboard of your account.

Step 2: Select NEFT Payment Option

In your account dashboard, you have to look up the fund transfer option. Under the fund transfer, you are required to simply select the NEFT payment option.

Step 3: Add Beneficiary

In terms of transferring the money by NEFT, you are required to add the beneficiary account details. Basically, a beneficiary is a person or the company to whom you are willing to transfer the money.

To add the beneficiary, you are required to enter the name, account number, bank name, branch name, and also the IFSC code of the bank. When you enter all the details in a successful manner then you have to make click on the add button.

Step 4: Confirm Beneficiary

After adding the beneficiary, you have to simply confirm their details. You will get an OPT on your registered mobile number which you need to enter in terms to confirm the details of the beneficiary.

Step 5: Initiate NEFT Payment

When you add and confirm the beneficiary then you will be able to initiate the NEFt payment.

You have to select the beneficiary from the added beneficiaries list and then you need to enter the amount which you are willing to transfer.

Simply verify the transaction details and make click on the submit button.

Step 6: Enter Transaction Password

In terms of completing the transaction, you have to enter your transaction password.

The transaction password is basically a unique password that you have set up at the time of opening your net banking account.

You need to enter the password and then click on the submit button.

Step 7: Transaction Acknowledgement

After the submission of the transaction password, you will get a transaction acknowledgment on the display of your device.

The acknowledgment will generally include the transaction reference number, date and time of the transaction, and also the transferred amount as well.

Step 8: Wait for Confirmation

The NEFT transfer will generally take 2 to 4 hours to get completed. When the transaction gets successful then you will get a confirmation message on your registered mobile number and also on your email address as well.

About NEFT

NEFT which is mainly known as national electronic funds transfer is one of the payment systems which is mainly used by individuals and businesses to simply transfer money from one bank to another.

NEFT transactions will mainly get done electronically and settled into batches. The Reserve bank of India manages and regulates the NEFT system in India.

NEFT is one of the popular payment methods which mainly gets used in India for its ease, security, and reliability. It mainly allows the transfer of funds between the bank accounts of the different banks as long as they are part of the NEFT network. NEFt transactions can simply get initiated by net banking, mobile banking, or by making a visit to the branch.

To initiate the NEFT transaction, the sender needs to enter the recipient’s bank account number, name and bank branch name, and IFSC code.

The IFSC code which is also known as Indian Financial System Code is one of the unique codes which is assigned to every bank branch by the RBI and mainly gets used to identify the bank and branch where the recipient’s account is held.

The NEFT system operated in batches with the transaction being processed in the hourly intervals from 8 AM to 7 PM on the weekdays and from 8 AM to 1 PM on the Saturdays.

The settlement of NEFt transactions is mainly done on the deferred net settlement basis which means that the transaction gets settled into batches at predetermined intervals instead of being settled in real-time.

NEFT is one of the cost effective payment systems along with the fees which are charged by the banks for NEFt transactions which is being much lower than the other payment system such as RTGS.

NEFt transactions are secure with the use of the encryption technology to simply ensure that the transaction details don’t get intercepted by unauthorized parties.

NEFT is one of the reliable and convenient payment systems which will become an integral part of India’s banking system. Its ease of use and cost-effectiveness made it the preferred payment method for individuals and businesses as well.


NEFT is one of the safe and secure methods to transfer money from one bank to another. We hope now you know how to do neft through net banking.

It is one of the simple methods and it can easily get completed within a few minutes. By following the steps we have shared above, you can simply be able to do the NEFT by using net banking.

It is really important to make sure that you have entered the beneficiary details in the correct manner to avoid any type of delay in the completion of the transaction.

Make sure you have entered your beneficiary details correctly to avoid delays or issues while doing transactions via NEFT.

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