NEFT is a service provided by Shree Durgadevi Mahila Sahakari Bank for our premium customers to transfer funds electronically from one bank account to another. Banks in India participate in the NEFT system through the Reserve Bank of India (RBI), which operates the NEFT system.

NEFT is a safe and reliable way of transferring funds electronically, and it has become one of the most popular payment systems in India. It is widely used for making various types of transactions, including salary, dividends, interest, and other financial transactions.

To use NEFT, the customer needs to provide the beneficiary's bank account number, name, and IFSC code. The customer can initiate the transaction either through Shree Durgadevi Mahila Sahakari Bank mobile banking app , or by visiting the bank branch. The transaction is processed in batches and is settled at specific times throughout the day.

Banks charge a nominal fee for NEFT transactions, which varies depending on the amount being transferred. However,Shree Durgadevi Mahila Sahakari Bank offers this service free of cost to our business customers. (Terms & Conditions apply)