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Electronic funds transfer (EFT) is generally not mandatory for all transactions, but it is often required for specific types of payments, such as government benefits or certain business transactions, depending on regulations or policies. Split disbursement, which involves dividing payments between multiple accounts, is also not universally mandatory but may be required in certain contexts, particularly for government travel or procurement. Always check the specific regulations or policies applicable to your situation to determine requirements.
What else can I help you with?
Which of the following is a true statment about both electronic funds transfer and split disbursement?
EFT is mandatory, split disbursement must be offered as an option.
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.
how do I set up electronic funds transfer?
how do I set up electronic funds transfer
How long for electronic fund transfer to take place?
how long for elctronic transfer of funds
Full form of NEFT?
National Electronic Funds Transfer
What is a TRUE statement about electronic funds transfer (EFT) and split disbursement?
Both EFT and split disbursement are mandatory.
What is a TRUE statement about both electronic funds transfer EFT and split disbursement?
Both EFT and split disbursement are mandatory.
Which of the following is a true statment about both electronic funds transfer and split disbursement?
EFT is mandatory, split disbursement must be offered as an option.
Which of the following is a TRUE statement about electronic funds transfer (EFT) and split disbursement?
EFT is mandatory; split disbursement must be offered as an option.
What is true statement about both electronic funds transfer EFT and split disbursements?
Both EFT and split disbursement are mandatory.
What is a wire disbursement?
A wire disbursement is the electronic transfer of funds from one account to another via a wire transfer. This is commonly used for fast and secure same-day transactions between financial institutions or parties.
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.
how do I set up electronic funds transfer?
how do I set up electronic funds transfer
What is TRUE about EFT and split disbursement?
EFT (Electronic Funds Transfer) and split disbursement are both financial processes used to facilitate transactions. EFT allows for the electronic transfer of money between accounts, enhancing efficiency and speed in payments. Split disbursement, often utilized in government travel card programs, involves dividing a payment between a government agency and a traveler's personal account, ensuring proper fund allocation and compliance with regulations. Both methods promote streamlined financial management and can reduce administrative burdens.
What is an 820 transaction in regards to an electronic funds transfer?
An 820 Transaction in regards to an Electronic Funds Transfer is the software program that starts the transfer process. An 820 Transaction and the EFT are actually the same thing.
How long for electronic fund transfer to take place?
how long for elctronic transfer of funds
Full form of NEFT?
National Electronic Funds Transfer
