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Question
Which of the following is not true about National Electronic Funds Transfer (NEFT) system?
Options
There is no limit on transactions through NEFT
NEFT operated in hourly batches
NEFT is a payment system which facilitates one-to-one funds transfer
Only bank branches which are NEFT enabled can be a part of the NEFT funds transfer network
MCQ
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Solution
NEFT operated in hourly batches
shaalaa.com
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