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What Is Neft? |
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Answer» National ELECTRONIC Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer. Under this Scheme, individuals, firms and corporate can ELECTRONICALLY transfer funds from any bank BRANCH to any individual, firm or corporate having an account with any other bank branch in the COUNTRY participating in the Scheme. National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer. Under this Scheme, individuals, firms and corporate can electronically transfer funds from any bank branch to any individual, firm or corporate having an account with any other bank branch in the country participating in the Scheme. |
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