wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Expand the following term:
NEFT

Open in App
Solution

National Electronic Funds Transfer (NEFT) is an Indian system of electronic fund transfer system which was introduced by Reserve Bank of India that is based on Deferred Net Settlement (DNS) which settles transaction in batches. from one bank to another.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Business Services - Banking
BUSINESS STUDIES
Watch in App
Join BYJU'S Learning Program
CrossIcon