answersLogoWhite

0

What is the expansion of NEFT?

Updated: 9/18/2023
User Avatar

Wiki User

13y ago

Best Answer

NEFT stands for National Electronic Funds Transfer. It is an electronic funds transfer facility available for banking customers in India which can be used to move funds from one account to another. It is used for normal amount transactions (not in lacs) and the money is usually received the next business day by the target party.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the expansion of NEFT?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is neft in banking?

NEFT-National Electronic Fund Fransfer


What is the population of Neft Daşları?

The population of Neft Daşları is 933.


When was David Neft born?

David Neft was born in 1936.


When was Gazprom Neft created?

Gazprom Neft was created in 1995.


What is the meaning of NEFT?

SIR PLZ TEEL ME ABUT neft and abt dis proccess


How NEFT work?

NEFT stands for "National Electronic Funds Transfer". An Authentic and fairly comprehensive FAQ on NEFT is at http://www.rbi.org.in/Scripts/FAQView.aspx?Id=60


When did Else Neft die?

Else Neft died on July 11, 1968, in Los Angeles, California, USA.


What is NEFT code?

NEFT stands for National Electronic Funds Transfer. It is an electronic funds transfer service that is available for the citizens of India to transfer funds electronically from one bank to another. All banks have a unique NEFT code using which the bank name and the branch can be identified. Whenever you initiate a funds transfer request using NEFT, the NEFT code of the bank which is supposed to receive the funds is mandatory.


When was Else Neft born?

Else Neft was born on March 11, 1884, in Vienna, Austria-Hungary [now Austria].


What is difference between national electronic fund transfer and real time gross settlement?

The Basic differences between NEFT and RTGS are01) NEFT is designed for Low Value-High Volume02) RTGS is designed for High Value-Low Volume03) The minimum amount for a RTGS Customer transaction is Rs1lac.04) The minimum amount for a NEFT Customer transaction is Rs1.NEFT takes usually 1 - 2 working days and it is for smaller amountsRTGS happens faster than NEFT and it is for only huge amounts


What hand does French people eat with?

Neft hard


How to check neft status?

ma chuda le