How the Electronic Fund Transfer work in practical.This ppt will help you to done fund transfer through online banking

1. Ansif Ek
Roll no :03
Presented by : ANSIF EK

2.  EXCHANGE OF MONEY FROM ONE ACCOUNT
TO ANOTHER THROUGH COMPUTER
 Cardholder-initiated transactions, using
a payment card such as a credit or debit card
 Direct deposit payment initiated by the payer
 Wire transfer via an international banking
network such as SWIFT

4.  NEFT- NATIONAL ELECTRONIC FUNDS
TRANSFER
 RTGS- REAL TIME GROSS SETTLEMENT
 IMPS- IMMEDIATE PAYMENT SERVICE

5.  NEFT is the one of the most
prominent electronic funds transfer systems
of India
 Started in Nov.-2005
 It NEFT facilities are available in 30,000 bank
branches all over the country
 There is no limit – either minimum or maximum
 There is no restriction of centres or of any
geographical area within the country

6. HowItWorks?

8. Step 2 – Go to Fund Transfer tab.

10.  Step 4 – Enter the beneficiary account or Credit
card number
 Step 5 – Select the IFSC, using the bank and
branch name. Now you can add the beneficiary.
Remember, this is a one-time process.
 Step 6 – Click ‘Add’, then ‘Confirm’
 Step 7 – Authenticate yourself at the secure
access step, and wait for your confirmation
message
 Post activation of a beneficiary, you can transfer
a maximum of Rs. 100,000/- to each
beneficiary for first 2 days

11.  To make your funds transfer/Credit card
payment –
 Step 1 – Go to Fund Transfer tab, and click
Transfer to other bank
 Step 2 – Select account, beneficiary, and enter
the relevant details.
 Step 3 – Accept the Terms and Conditions
 Step 4 – Review the details, and, if all is
correct, confirm to complete the process