National Electronic Funds Transfer (NEFT) is an electronic funds transfer system which enables transfer of funds to other bank accounts across the country. The advantage with NEFT is that it is a secure, safe, quick and cost-effective mean to transfer funds especially for retail remittances.
At The Arackal Service Co-operative Bank, we undertake transfer of funds up to Rs. 2,00,000 to accounts maintained by any bank branches in India instantly by NEFT. For this, we have sought the partnership of major commercial Banks like HDFC, SBI, Federal Bank etc. This makes our NEFT fund transfer services efficient, convenient and fast.