Explain the following terms with reference to electronic banking and IT activities in the banks : (iii) NEFT
CS Professional · Banking - Law and Practice · PYQS · December 2015
Explain the following terms with reference to electronic banking and IT activities in the banks : (iii) NEFT
Answer & Explanation:
National Electronic Funds Transfer (NEFT) is a funds transfer system which enables a customer of a bank to transfer funds to another customer of another bank having account with any participating bank.
Topics: Electronic Banking
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