RBI has introduced this funds transfer systems called RBI-NEFT System.

This is an Inter-bank electronic funds transfer system to facilitate an efficient, secure, economical, reliable and expeditious transfer of funds and clearing in the Banking sector in India.

The account holders with the branch can use the NEFT facility which is available between all the Cities and the designated branches of Banks in India.

NEFT services are available 24*7. NEFT Settles fund transfers in half-hourly batches with 48 settlements occurring everyday regardless of a Holiday. (NEFT Batches start at 00:30 hours, 01:00 hours, 01:30 hours, 02:00 hours, 02:30 hours, 03:00 hours, 03:30 hours, 04:00 hours, 04:30 hours, 05:00 hours, 05:30 hours, 06:00 hours, 06:30 hours, 07:00 hours, 07:30 hours, 08:00 hours, 08:30 hours, 09:00 hours, 09:30 hours, 10:00 hours, 10:30 hours, 11:00 hours, 11:30 hours, 12:00 hours, 12:30 hours, 13:00 hours, 13:30 hours, 14:00 hours, 14:30 hours, 15:00 hours, 15:30 hours, 16:00 hours, 16:30 hours, 17:00 hours, 17:30 hours, 18:00 hours, 18:30 hours, 19:00 hours, 19:30 hours, 20:00 hours, 20:30 hours, 21:00 hours, 21:30 hours, 22:00 hours, 22:30 hours, 23:00 hours, 23:30 hours, 00:00 hours).

At present this facility is available at the following branches whose IFSC codes are also mentioned alongside

Click Here For The List of Neft Branches