What Are The Neft Advantages To The Customers Over The Other Modes Of Funds Transfer?
NEFT offers many advantages to the customers over the other modes of funds transfer as listed below: •The remitter need not send the physical Cheque or Demand Draft to the beneficiary. •The beneficiary need not visit his/her bank for depositing the paper instruments. •The beneficiary need not be apprehensive of loss/theft of physical instruments or the likelihood of fraudulent encashment thereof. •Cost effective. •Credit confirmation of the remittances sent by SMS or email. • Remitter can initiate the remittances from his home/place of work using the internet banking also. Near real time transfer of the funds to the beneficiary account in a secure manner.
