More About Payments & Other Credit Cards
NEFT transfer (or National Electronic Funds Transfer) refers to the process of electronically transferring money from one account to another in the same bank or to another bank. Under the Indo-Nepal Remittance Facility Scheme, NEFT transfer can also be used to facilitate the one-way transfer of funds across borders from India to Nepal. You can use NEFT transfers to pay EMIs, credit card bills, loan interest, and much more.
Yes, NEFT is safe and reliable. It is carried out over encrypted channels and is managed by the Reserve Bank of India.
Online payment through NEFT does not attract any fees. However, NEFT transfers done at branches can be chargeable depending on the amount you wish to transfer and the bank’s internal regulations.