What is the benefit of using National Electronic Fund Transfer (NEFT)?
Answer (1)
4th Jan, 2023
Since transactions must be paid within 24 hours, NEFT securely eliminates any delays in fund movements. It is not necessary to physically deposit checks or demand drafts or to go to the bank to deposit paperwork. Credit confirmations for transactions are delivered via email or text message (SMS). It is a secure, efficient, and cost-effective way to send money online because the entire procedure is paperless.
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