National Electronic Funds Transfer (NEFT) System - Introduction

With great pleasure Sunidhi group announces the launch of the NEFT (National Electronics Funds transfer) system with the aim to facilitate the client / originator / remitter to initiate fund transfer within one day. NEFT is designed to cater to people who wish to transfer funds in a day without facing any hindrance in their trading sequence in the stock market. We would further elaborate the NEFT functioning with Sunidhi.

In the Current scenario the Client / remitter deposits the cheque in favour of the beneficiary vis a vis Sunidhi Securities & Finance Ltd. The cheque clearance generally takes place in a span of 2-3 days. However with the commencement of NEFT system the client will be able to deposit the due amount on the same day within few hours.

Click here for NEFT Procedure
  1. An individual / firm / corporate vis a vis Remitter intending to originate transfer of funds through NEFT has to fill an application form which will be available at the originating bank branch (Format of 1 bank is attached) of the Remitter.
  2. The Remitter has to provide details of the beneficiary vis Sunidhi Securities & Finance Ltd.
  3. Entity name should be mentioned as per the remitter’s transaction in the aforesaid segment (List is attached as Annexure 1) An illustration to demonstrate the aforesaid fact is mentioned below:
    Applicant / Remitter details - FORMAT Applicant / Remitter details - ILLUSTRATION
    Account title Client Name Account title DAKSHA SUBHASH VASA
    Debit account no Client A/c details Debit account no Individual
    Account type Saving / Current Account type Savings
    Beneficiary Details Beneficiary Details
    Beneficiary Name Sunidhi Securities & Finance Ltd Beneficiary Name Sunidhi Securities & Finance Ltd
    Credit Account no. *Virtual code + CIN No.
    eg: SUNI2+1234XYZ89
    i.e., SUNI21234XYZ89
    Credit Account no. SUNI2256GD0011
    Centre (Location) Mumbai Centre (Location) MUMBAI
    Bank ICICI BANK Bank ICICI BANK
    Branch Fort, Mumbai Branch Fort, Mumbai
    Account type Current Account type Current
    IFSC Code ICIC0000106 IFSC Code ICIC0000106
    Remittance details   Remittance details 50000
    Amount (in figures)   Amount (in figures) 50000
    Amount (in words)   Amount (in words) FIFTY THOUSAND ONLY
    Remarks Pay in of Funds   Remarks Pay in of Funds
  4. By way of this the remitter authorizes his/her bank branch to debit his /her account and remit the specified amount to the beneficiary.
 
Annexure 1:
Sr. No. Segment Virtual Code*
1 SUNIDHI SEC & F L-NSE F&O CLIENT SUNI2
2 SUNIDHI SEC & FIN L-BSE CLIENT SUNI4
3 SUNIDHI SEC & F L-NSE CM CLIENT SUNI3
4 SUNIDHI COMMODITIES PVT LTD-NCDX SUNI05
5 SUNIDHI COMMODITIES PVT LTD-MCX SUNI06
 
*E.g. : Incase the client has traded in NSE CM segment and has to transfer the funds for the trade done in the said segment through NEFT, then the client has to approach his bank for the NEFT Form. Fill in the requisite details as demonstrated above providing credit account no which is the Sort code + client identification no. (CIN).e.g. SUNI2256GD0011 (SUNI3 is the sort code of NSE CM). The IFSC Code of ICICI BANK is ICIC0000106 and Centre (Location) Mumbai.
 
Click here for NEFT FAQs
Attention Investors:

"Prevent unauthorised transactions in your trading / demat account --> Update your mobile numbers/email IDs with your stock brokers / Depository Participant. Receive information of your transactions directly from Exchange / CDSL on your mobile/email at the end of the day.......... Issued in the interest of Investors"
"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
“Update Email ids, Mobile numbers, correct Bank account details as per Regulatory requirement to enable smooth electronic transactions alongwith details of Aadhar number with a copy of Aadhar Card to link the demat account with Aadhar”

"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."

SEBI Regn. Nos.- BSE/NSE/MSEI: INZ000169235 | CDSL DP: IN-DP-CDSL-114-2000 | Member of FEDAI    Sunidhi Commodities Pvt. Ltd. : MCX Membership No.: 10100 | NCDEX Membership No.: 00071 | NSEL CM ID: 11970 | ACE Member ID: 6165

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