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    What is National Electronic Fund Transfer (NEFT)?

    pravesh.sharma 4th Jan, 2023
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    pravesh.sharma 4th Jan, 2023

    It is a resource transfer payment channel that encourages private resource transfers. Resources can be transferred between banks with the help of banks. Transferring allowances is always feasible, regardless of which branch you hold an account with. The person has access to internet banking, mobile banking, and custom banking as several ways to transfer allowances.

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    Question : What is the full form of NEFT?

    Option 1: National Electronic Funds Transfer

     

    Option 2: National Electronic Financial Transaction
     

    Option 3: National Electronic Fund Transfer

     

    Option 4: National Electronic Finance Transaction

    Question : What is the full form of NEFT?

    Option 1: National Electronic Funds Transfer

     

    Option 2: National Electronic Financial Transaction
     

    Option 3: National Electronic Fund Transfer

     

    Option 4: None of the above

    Question : ___________ is a form of electronic payment where funds are transferred directly from one bank account to another.

     

    Option 1: NEFT (National Electronic Funds Transfer)

    Option 2: RTGS (Real-Time Gross Settlement)

    Option 3: IMPS (Immediate Payment Service)

    Option 4: UPI (Unified Payments Interface)

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