National Electronic Funds Transfer (NEFT) framework is an across the country stores exchange framework to encourage exchange of assets from any bank office to some other bank office.

The recipient gets the credit around the same time or the following Day relying upon the season of settlement.

Yes, mass NEFT office is empowered in all branches of State Bank of Hyderabad furthermore through Internet keeping money office for individual and corporate clients.

Processing Charges:

Outward Messages: (As per extant guidelines transactions above `1.00 lac has to be remitted through RTGS only.)

AMOUNT RATE MINIMUM MAXIMUM
Upto ` 1.00 lac `1.50 per thousand `25.00 `150.00
INWARD MESSAGES `100/- per message.

There is no restriction on sum for individual exchanges.

NEFT is an electronic installment framework to exchange stores from any piece of nation to whatever other part of the nation and chips away at conceded Net settlement, not at all like RTGS that deals with gross settlement.