India has two main electronic funds settlement systems for one to one transactions: the Real Time Gross Settlement (RTGS) and the National Electronic Funds Transfer (NEFT) systems. Transactions which are bulk and repetitive in nature are routed through electronic clearing service (ECS) which is further of two categories viz ECS-Credit (one debit and multiple credits e.g. Salary, Dividends) and ECS- debit (one credit and multiple debits e.g. bill payments, SIPs etc.). Local ECS scheme is provided in 81 centres and the Regional ECS scheme at 9 centres across India while the National ECS scheme is operated at Mumbai.
Posts about Neft
  • How Jack Daniel's uses storytelling to personalise the brand

    …. (As an aside, When I was researching this article I looked at around 15 different booze sites, and only one – the controversial vodka brand Neft – positioned itself as modern and cutting-edge). Jack is very good at this. Videos focus on members of staff who have worked at the company’s Lynchburg brewery for years. There are interviews…

    Matt Owen/ Econsultancyin Google How To's- 2 readers -
Get the top posts daily into your mailbox!