NEFT or National Electronic Funds Transfer allows transferring of funds of up to 2 lakhs 24 hours in a day.
The processing fee which earlier was between Rs 1 and Rs 5 has been changed to lesser or none by RBI.
Here are certain NEFT transaction benefits for small businesses:
- NEFT allows the transfer of money starting from Rs. 1.
- The money is transferred within 2-24 hours.
- No transaction fees are charged.
- The transfer takes place over a secure platform.
This makes it more convenient for small businesses to carry out financial transactions whenever required.
If you require loans for your business, you can get it through Gromor Finance at affordable interest rates!