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Questions
What is ‘National Electronic Fund Transfer’?
Explain: NEFT
What is NEFT?
Write a short note on NEFT.
What do you understand by NEFT?
Explain
Short/Brief Note
Very Short Answer
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Solution
- NEFT (National Electronic Funds Transfer) is a nationwide payment system that allows for one-to-one transfers.
- The programme allows for electronic transfers of money between bank branches in the country.
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Notes
Students should refer to the answer according to their questions.
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