NEFT (National Electronic Fund Transfer):-

                  National Electronic Funds Transfer is the most prominent inter-bank electronic funds transfer system of India, which provides a facility to bank customers to transfer the funds easily and securely on a one to one basis, which saves the time and is done via electronic messages. It is net transfer facility, executed in hourly batches.

               National Electronic Funds Transfer (NEFT) is an electronic funds transfer system maintained by the Reserve Bank of India (RBI).Started in November 2005, the setup was established and maintained by Institute for Development and Research in Banking Technology.