Expand NEFT. state any two features of NEFT
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National Electronic Funds Transfer(NEFT) is an Indian system of electronic transfer of money from one bank or bank branch to another. The banks or their branches that support such transactions have to participate in the NEFT network.
FEATURES OF NEFT:
☆NEFT is an electronic payment system that uses a secure mode of tranferring funds from one bank branch to another bank branch.
☆There is no minimum or maximum limit of amount of funds that could be transferred using NEFT.
☆The remitter can track the NEFT transaction through the originating branch.
hope it helps friend ♡♡
FEATURES OF NEFT:
☆NEFT is an electronic payment system that uses a secure mode of tranferring funds from one bank branch to another bank branch.
☆There is no minimum or maximum limit of amount of funds that could be transferred using NEFT.
☆The remitter can track the NEFT transaction through the originating branch.
hope it helps friend ♡♡
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