|Definition||:||National Electronic Fund Transfer|
|Category||:||Business » Banking|
What does NEFT mean?
National Electronic Fund Transfer (NEFT) is a nationwide payment system that facilitates the electronic transfer of funds from one bank account to another within India. NEFT is not a real-time fund transfer system, it settles fund transfers in batches.
Frequently Asked Questions (FAQ)
What is the full form of NEFT?
The full form of NEFT is National Electronic Fund Transfer