NEFT or National Electronic Fund Transfer system is available for use by SBI’s users. This mode of electronic fund transfer works on DNS (Deferred Net Settlement) basis at specific times of the day. In this system of fund transfer, the transaction is carried out between banks through payment instructions. There is no set limit for NEFT transactions.
For more details ;-https://www.bankbazaar.com/savings-account/sbi-mobile-banking.html
Comments