Hello Friends,
If you ever transfer funds from one bank to another any bank then the bank can tell to you many ways either it will be NEFT or RTGS but wait,you have ever thought that if your fund is transferred from one bank to another,it means that if you transfer funds from your SBI Bank to ICICI Bank,then it will be visible in your digital form.will show less in the bank,show more in another's bank,but how does it happen in physically form.
This means that all the funds transferred from SBI to ICICI bank during the entire day will be transferred to ICICI Bank by a truck from SBI Bank at night.
So Let's Come on Friends ,I tell you How the fund transfer would be in Physical form one bank to another bank So first of all,We understand this,why the digital forms of fund transfer are all different So first of all we talk about NEFT.
It was created in 2005 and the people who made it were able to run as much mind as they had of resources and Servers and many things According to him,he thought that how many times he will have to work if a person is transferring funds from one bank to another bank.
So they thought that why not we make a bunch means it will become a bunch for fund transfer in 1 hour and after that which will be bunch we want to give ti the computer and the computer convert that bunch into a digital form.
That's why you take 2 to 4 hours to transfer funds through NEFT because when it was made in 2005 when there were resources on them,they thought that how many times we will transfer one to one.
So it is better that we make a bunch of 200,300 and 400 Funds and then will transferred.It's not that 2 to 4 hours take so that a person is sitting there and he/she is constantly transferring funds by clicking it's not happening in the digital from the computer and making the bunch here means that their resources will be saved.
Here the timing of NEFT also means that from 8 AM to 7 PM this means that you will be able to do that only when the working hours of the banks are not holidays.
This did because he didn't trust himself on his computer because if a lot of person transfer a lot of funds at night then they will have to work a lot early in the morning.
So he kept this in working hours so that if there were any problems then his team could stay in the bank and could easily monitor.
This means that if a person comes in 2005 and he tell to the bankers that i have to transfer Rs.2 Lack or Rs.4 Lack and the bankers says to person that it will take Hours to 4 Hours Sp please do from To NEFT and in the front stay person say that i have to transfer the fund right now.
Then they have brainstormed that we transfer small funds and if there amount is above RS.2 Lack then they we have to give wait to others so they have made RTGS and it also made in 2005.
He made it that if a person is transferring funds above Rs.2 lack he should hand to hand transfer it to another's account and it also do in working hours of banks and RTGS is still going on because it has made good bonding with the people's.
Hello Guys, If you like this post, So kindly comment below on post and do share your response. (Thanks For Reading: )
If you ever transfer funds from one bank to another any bank then the bank can tell to you many ways either it will be NEFT or RTGS but wait,you have ever thought that if your fund is transferred from one bank to another,it means that if you transfer funds from your SBI Bank to ICICI Bank,then it will be visible in your digital form.will show less in the bank,show more in another's bank,but how does it happen in physically form.
This means that all the funds transferred from SBI to ICICI bank during the entire day will be transferred to ICICI Bank by a truck from SBI Bank at night.
So Let's Come on Friends ,I tell you How the fund transfer would be in Physical form one bank to another bank So first of all,We understand this,why the digital forms of fund transfer are all different So first of all we talk about NEFT.
1. NEFT (National Electronic Funds Transfer) :-
It was created in 2005 and the people who made it were able to run as much mind as they had of resources and Servers and many things According to him,he thought that how many times he will have to work if a person is transferring funds from one bank to another bank.
So they thought that why not we make a bunch means it will become a bunch for fund transfer in 1 hour and after that which will be bunch we want to give ti the computer and the computer convert that bunch into a digital form.
That's why you take 2 to 4 hours to transfer funds through NEFT because when it was made in 2005 when there were resources on them,they thought that how many times we will transfer one to one.
So it is better that we make a bunch of 200,300 and 400 Funds and then will transferred.It's not that 2 to 4 hours take so that a person is sitting there and he/she is constantly transferring funds by clicking it's not happening in the digital from the computer and making the bunch here means that their resources will be saved.
Here the timing of NEFT also means that from 8 AM to 7 PM this means that you will be able to do that only when the working hours of the banks are not holidays.
This did because he didn't trust himself on his computer because if a lot of person transfer a lot of funds at night then they will have to work a lot early in the morning.
So he kept this in working hours so that if there were any problems then his team could stay in the bank and could easily monitor.
2. RTGS (Real Time Gross Settlement) :-
Then they have brainstormed that we transfer small funds and if there amount is above RS.2 Lack then they we have to give wait to others so they have made RTGS and it also made in 2005.
He made it that if a person is transferring funds above Rs.2 lack he should hand to hand transfer it to another's account and it also do in working hours of banks and RTGS is still going on because it has made good bonding with the people's.
Hello Guys, If you like this post, So kindly comment below on post and do share your response. (Thanks For Reading: )
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