Definition : National Electronic Fund Transfer
Category : Business Banking
Country/Region : India India
Popularity :

What does NEFT mean?

National Electronic Fund Transfer (NEFT) is a nation-wide payment system that facilitates individuals, firms and corporates to electronically transfer funds from one bank account to another within India. NEFT is not a real-time fund transfer system, it settles fund transfers in half-hourly batches. NEFT facility is available only on bank working days between 8:00 AM to 6:30 PM.

Suggest new NEFT Full Form

This page lists the full form or full forms of the acronym/abbreviation/shorthand/term NEFT