NEFT

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

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

What is the full form of NEFT in Business?

National Electronic Fund Transfer

What is the full form of NEFT in India?

National Electronic Fund Transfer