Electronic Fund Transfer (EFT)

Electronic Fund Transfer (EFT) is a broad term encompassing any transfer of money from one bank account to another — domestically or internationally — initiated through electronic means rather than physical cash or paper instruments. EFT systems include NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), IMPS (Immediate Payment Service), UPI (Unified Payments Interface), and NACH (National Automated Clearing House) in India. EFT has transformed financial transactions by enabling instant, secure, cost-effective, and paperless movement of funds for payments, salary credits, vendor settlements, tax payments, and investment transactions. RBI operates and regulates India's core EFT infrastructure. For investors and traders on Ventura Securities, EFT systems are the backbone of fund transfers to and from trading accounts — enabling seamless capital deployment for equity, derivative, and mutual fund transactions — and understanding settlement timelines across different EFT modes is important for managing liquidity and meeting trading obligations.