Business Studies, asked by monu280112003, 11 months ago

define NEFT with defination

Answers

Answered by ItarSvaran

Answer:

NEFT is a nation-wide payment system that allows transfer of funds from one bank account to another. Individuals, firms and corporates can transfer the money from one bank branch to any other bank account held by individual, firm or corporate in the country.

Answered by rajkumarprasad7599

Answer:

Hey mate here is your and

Explanation:

NEFT= National Electronic Fund Transfer

Definition:- National Electronic Funds Transfer is an electronic funds transfer system maintained by the Reserve Bank of India. Started in November 2005, the setup was established and maintained by Institute for Development and Research in Banking Technology

Hope it's helpful for you

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