NEFT refers to National Electronic Funds Transfer. It is an online system for transferring funds from one financial institution to another within India (usually banks). The system was launched in November 2005, and was set to inherit every bank that was assigned to the SEFT clearing system. It was made mandatory by the RBI for all banks on the SEFT system to migrate to NEFT by mid December 2005. As such, SEFT was discontinued as of January 2006. The RBI welcomed banks that were full members of the RTGS to join the NEFT system.


RTGS is an acronym that stands for Real Time Gross Settlement. RTGS is a funds transfer system where money is moved from one bank to another in ‘real-time’, and on gross basis. When using the banking method, RTGS is the fastest possible way to transfer money. ‘Real-time’ means that the payment transaction isn’t subject to any waiting period. The transaction will be completed as soon as the processing is done, and gross settlement means that the money transfer is completed on a one to one basis without clustering with another transaction. The transaction is treated as final and irrevocable as the money transfer occurs in the books of the RBI (Reserve Bank of India). This system is maintained by the RBI, and is available during working days for a given number of hours. Banks using RTGS need to have Core banking to be able to initiate RTGS transactions.


  • Certainty of the date of payment to the recipient.
  • Reduction in cost of Demand Drafts and courier expenses.
  • Reduction in the risk of fraudulent encashment associated with paper-based instruments.
  • Reduction in the time spent on reconciliations.

Core Banking

Core Banking Core Banking Solution (CBS) is networking of branches, which enables Customers to operate their accounts, and avail banking services from any branch of the Bank on CBS network, regardless of where he maintains his account. The customer is no more the customer of a Branch. He becomes the Bank’s Customer. Thus, CBS is a step towards enhancing customer convenience through Anywhere and Anytime Banking.

Entrepreneurship Development Programme (EDP)

It is a special program run by AFI Management Ltd which helps in developing the entrepreneurial abilities. The skills that are required to run a business successfully is developed among the people through our programme. Through EDP Programme we achieve greater business profitability and efficiency.

Project Management and Financial Management are integral part of EDP. Project Management: Here we focus over the Quality, Marketing, Projections and Estimations, Market Linkage. Financial Management: Focus is on Bookkeeping, Payment of Salaries and other Financial Aspects.

Market Linkage

 Market Linkage is all about providing a platform to have the Products or Services getting more visibility and accessibility. This enables Projects to reach to more diverse areas and increase the sales volume and earn greater margins. It also helps establish the Brand Value in the areas never explored before.

Market Money (MM)

Market Money is an mechanism to raise funds from the members and to fund the projects effectively and securely. Market money enables the projects to quickly raise funds from the mechanism without much complexities. It gives investors option to earn much more securely and participate in project funding directly.