Barclays advances its e-banking services

Barclays Global Retail and Commercial Bank (GRCB) India advanced its Online Banking’ service through National Electronic Funds Transfer (NEFT) facility. So, now Barclays provides holders with the ability to transfer funds faster to any bank account in India over a secure platform.
Thus, the funds are to be transferred to the beneficiary’s bank using the Reserve Bank of Payment Interface (PI). Customers banking online will have a daily transfer limit of Rs 49 , 999 and the transactions will be processed in two batches with a turn-around time of 24 hours or the same working day depending on the batch in which the transaction is captured.
Interim managing director, Barclays GRCB Ram Gopal considers these actions to be an important step towards providing yet another value added service as bank’s customers can now access banking services instantly anytime and anywhere at their convenience.
Source: ecommerce-journal
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