is NEFT payment a valid payment?

i have made NEFT payment towards the account of the house owner for the purchase. made two NEFT payments of 2 lakhs and 5 lakhs. later if the owner disagrees to sell the house later. Is it a valid payment

Answers (2)

272 votes

Yes its a valid payment.
If the owner disagree to sell the house then in case the conditiins will follow;
If u have a valid agreement between u n the owner then its terms will follow But if u dont have any agreent and u just transferred the amount in his account then u cant prove that u have some agreement and u could just claim ur amount back.

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278 votes

Payment through NEFT is a valid payment. Keep your reciept intact or if you had transfered through your account , copy the relevent statement for future use. You can very well claim the payment. The court will accept it.

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