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ClassCompetitive Examinations
SubjectBANKING
Posted ByAnonymous
QuestionWhat is NEFT?

Answer
NEFT stands for National Electronic Fund Transfer. It facilitates the transfer of funds across various banks in India. It can be done in cash and transfer via account. Requirement to carry out NEFT is IFSC code of the branch and the account number of the account holder.
Answer By : Deepak Parashar


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