NNSB is proud to offer the National Electronic Fund Transfer system (NEFT) facility. NEFT enables an efficient, secure, economical and reliable system of transfer of funds between accounts of customers of different Banks.


Features and Benefits

  • Electronic payment system in which payment instructions between banks are processed and settled on deferred net settlement (DNS) basis at fixed times during the day.
  • There is no minimum or maximum stipulated transaction value for using this facility.
  • NEFT facility is available in all the branches of our Bank. Funds transferred under NEFT will be credited to the beneficiary’s account on the same day or next day.
  • Inward remittance is free.
  • No courier/postal charges payable by customers.
  • Secured Transfer of funds across the Banks.

Information required for Transfer of funds

  • Sender’s Account number
  • Sender’s Name
  • Amount of Transaction
  • Beneficiary Account number
  • Beneficiary Name
  • Beneficiary Bank Name
  • Beneficiary Branch Name
  • IFSC of the receiving branch. (IFSC is printed on cheque leaves or pass book or available in RBI Website.) Sender to receiver information, if any