What is NEFT?
what is mean by NEFT, and why it is required for online transaction?
If you are talking about NATIONAL ELECTRONIC FUNDS TRANSFER then,
National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer. Under this Scheme, individuals, firms and corporates can electronically transfer funds from any bank branch to any individual, firm or corporate having an account with any other bank branch in the country participating in the Scheme.
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