Results for: electronic-funds-transfer

What is electronic funds transfer?

Electronic funds transfer is a system through which a customer can transfer money to another customers account without having to physically visit the bank. For ex: if I have to give you Rs. 1000 for some reason, I can either… Full Answer

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… Full Answer

What is the expansion of NEFT?

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… Full Answer