Guide to Performing NEFT Transactions Using the YONO App

If you need to perform a National Electronic Funds Transfer (NEFT) transaction using the YONO app, you can follow a straightforward and secure process. The YONO app is designed to streamline your financial transactions, making fund transfers quick and efficient. Below, we outline the steps to help you securely perform NEFT transactions through the YONO app.

Log In to the YONO App

To start, open the YONO app on your mobile device and log in using your credentials. This ensures that you are securely accessing your account.

Navigate to the Banking Section

Once logged in, proceed to the Banking tab or section on the app’s home screen. This is where you will manage all your banking-related activities.

Select Fund Transfer

Look for the option labeled ldquo;Fund Transferrdquo; or a similar term. This is where you can initiate the NEFT transaction.

Choose NEFT

From the fund transfer options, select NEFT as your mode of transfer. This is the national electronic fund transfer system, which allows you to send and receive funds electronically.

Add Beneficiary

If you haven’t already added the beneficiary to your YONO app, you need to do this first. Enter the beneficiary's details, which include:

Their name Their account number Their IFSC code (Indian Financial System Code) Their bank name Other necessary details

Enter Transfer Amount

Specify the amount you wish to transfer. Ensure that you have sufficient balance in your account for the transaction to proceed smoothly.

Review and Confirm

Before proceeding with the transaction, review all the details you have entered to verify their accuracy. Once you are confident in the details, confirm the transaction.

Authentication

You may need to enter an OTP (One-Time Password) sent to your registered mobile number for authentication. This ensures that the transaction is secure and authorized by you.

Transaction Receipt

After the transaction is processed, you should receive a confirmation message. You can view the transaction receipt in the YONO app for your records.

Tips for a Smooth NEFT Transaction

Ensure you have sufficient balance in your account for the transfer.

NEFT transactions may take some time to process as they are settled in batches. Be patient and allow for processing times.

If you encounter any issues, consider checking with your bank's customer support for assistance.

Additional Information for Quick Transfers

For quick transactions, you can also log in to your account and tap on Quick Transfer. Here, fill in your payee's bank details, including the amount, and complete the transaction swiftly.

The YONO app is designed to make your financial management easier and more convenient. By following these steps, you can efficiently perform NEFT transactions and manage your finances through the app.