NEFT Service

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.

NEFT is a facility enabling bank customers in India to transfer funds between any two NEFT-enabled bank accounts on a one-to-one basis. It is done via electronic messages.

Benefits of NEFT Service

Internet banking marked the beginning of a new era in the banking sector as it has revolutionised the way banks operate. With Internet banking and money transfer methods like NEFT, banks have given their customers the right to manage their funds in a simplified manner

  For a seamless movement of funds on the Internet, you could opt for NEFT as it helps you transfer any amount of money quickly.

  Internet banking and NEFT are flexible payment options which are very economical. For getting this facility, you don’t have to reimburse a huge sum of money to your bank. The processing charges are quite low and you can transfer any amount of money without any difficulty.

  NEFT, an integral aspect of Internet banking, is a highly dependable method of making payments and receiving funds online. Most of the banks in India are regulated under the norms set by RBI and, hence, the Internet banking facility too is quite safe in nature.

  Unlike the regular banking methods of fund transfer, NEFT transfer is really quick and you can enjoy rapid settlement of accounts, thereby improving the overall functionality of your business.


The Chittoor Co-Operative town Bank has incepted in 1904, registered as society in 1907. Obtained license from RBI for doing Banking Business in year 1980. The Bank is having 117 years.

© 2025 THE CHITTOOR CO-OPERATIVE TOWN BANK LTD. All rights reserved | Developed by Leeway Softech