Question

______is an Indian system of electronic transfer of money from one bank or bank
branch to another.
please tell me answer in one or two word .​

Answer 1

The national electronic fund transfer is an Indian system of electronic transfer of money from one bank or bank , branch to another .

Answer 2

The national electronic fund transfer is an Indian system of electronic transfer of money from one bank or bank branch to another.

Explanation:

• National Electronic Funds Transfer (NEFT) is owned and operated by the Reserve Bank of India  it is a nation-wide centralized payment system.
• Using the RBI's NEFT service Funds are transferred to the Credit Account.
• It enables bank customers of India to transfer between any two NEFT-enabled bank accounts.
• Fund transfers through the NEFT system don't occur in real-time basis unlike real-time gross settlement.