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Explain - NEFT. - Commerce

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Explain - NEFT.

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उत्तर

National Electronic Fund Transfer (NEFT) was launched by the RBI in 2005. Under this electronic funds transfer system, bulk transfers of transactions are settled in batches during specific timings across India. Individuals and institutions which maintain accounts with an NEFT-enabled bank branch are eligible for using NEFT.

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Electronic Banking Functions
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 12: Functions of Commercial banks - Exercises [पृष्ठ ११६]

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सामाचीर कलवी Commerce [English] Class 11 TN Board
अध्याय 12 Functions of Commercial banks
Exercises | Q III. 4. | पृष्ठ ११६
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