What is NEFT?

NEFT (National Electronic Funds Transfer) is an electronic funds transfer system maintained by the Reserve Bank of India (RBI). It facilitates one-to-one funds transfer. Under this scheme, individuals, firms and corporates can electronically transfer funds from any bank branch to any individual, firm or corporate having an account with any other bank branch in the country participating in the scheme.

Find 152 organizations using NEFT on Sumble →

What other technologies are related to NEFT?

NEFT Competitor Technologies

IMPS

IMPS is a direct competitor to NEFT as it provides immediate fund transfer, unlike NEFT which settles transactions in batches.

RTGS

RTGS is a competitor to NEFT. While NEFT is used for smaller value transactions and settles in batches, RTGS is for high-value transactions and provides real-time gross settlement.

UPI

UPI is a competitor to NEFT because it allows for instant fund transfers using a virtual payment address, mobile number or QR code, primarily for smaller transactions, offering a more user-friendly and faster alternative to NEFT.

Number of organizations that mention technology

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Which job functions commonly mention NEFT?

Quality Analyst

9 Quality Analyst jobs mention NEFT

View 9 jobs on Sumble

Test Engineer

11 Test Engineer jobs mention NEFT

View 11 jobs on Sumble

Data Analyst

51 Data Analyst jobs mention NEFT

View 51 jobs on Sumble

Customer Success

25 Customer Success jobs mention NEFT

View 25 jobs on Sumble

Account Executive

29 Account Executive jobs mention NEFT

View 29 jobs on Sumble

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Which organizations are mentioning NEFT?

IDFC FIRST Bank

Finance and Insurance

JPMorgan Chase

Finance and Insurance

Standard Chartered Bank

Finance and Insurance

Kotak Mahindra Bank

Finance and Insurance

Wipro

Professional Services

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**NEFT**

What is NEFT?

What other technologies are related to NEFT?

NEFT Competitor Technologies

Which job functions commonly mention NEFT?

Which organizations are mentioning NEFT?

Find the right accounts, contact, message, and time to sell

NEFT