The full form of NEFT is National Electronic Fund Transfer. It’s used on Business ,Banking in India
National Electronic Fund Transfer (NEFT) is a nation-wide payment system that facilitates the electronic transfer of funds from one bank account to another within India. NEFT is not a real-time fund transfer system, it settles fund transfers in half-hourly batches. NEFT facility is available only on bank working days between 8:00 AM to 6:30 PM.
NEFT
means
National Electronic Fund Transfer
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