NEFT

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What is NEFT?

National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer.

Under this Scheme, individuals can electronically transfer funds from any bank branch to any individual having an account with any other bank branch in the country participating in the Scheme.

The Remitter has to provide the following details:

Amount to be remitted
Account no. to be credited
Name of the beneficiary bank


Other Details

You can open a Current account with us if you are

 Public or Private Limited Companies.

 Partnership Firms.

 Proprietorship Concerns.

 HUFs.

 Trusts.

Officially Valid Documents**

 Certificate of Incorporation and Commencement of Business.

 Certified true copy of Memorandum and Articles of Association.

 Certified Board resolution authorizing the opening and operation of the account.

 PAN Card.

 Income Tax Returns of last 2 years.

Officially Valid Documents**

 Partnership Deed and Registration Certificate.

 PAN Card.

 Income Tax Returns of last 2 years .

Officially Valid Documents**

 Gumasta Licence.

 PAN Card.

 Income Tax Returns of last 2 years.

 Certificate/Licence issued by the Municipal authorities under Shop & Establishment Act.

Officially Valid Documents**

 Copy of the trust deed.

 Copy of the registration certificate.

 Copy of the resolution by the trustees authorising the members concerned to open and operate the account.

 Any officially valid document identifying the authorized signatories and their addresses as given above.

 PAN Card.

Officially Valid Documents**

 Copy of PAN.

 Bye-laws of the association or club.

 Certificate of Registration.

 Copy of the resolution by the Board authorizing the members concerned to open and operate the account.

 Any officially valid document identifying the authorized signatories and their addresses as given above.

Officially Valid Documents**