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Q.

What is NEFT and have you ever made use of this facility?

Tags: computers & internet, neft
Asked by Sridhar, 13 Jan '12 11:05 am
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Answers (4)

 
1.

The national electronic fund transfer (NEFT) system is a nation-wide system that facilitates individuals, firms and corporates to electronically transfer funds from any bank branch to any individual, firm or corporate having an account with any other bank branch in the country. For being part of the NEFT funds transfer network, a bank branch has to be NEFT-enabled. As at end-January 2011, 74,680 branches / offices of 101 banks in the country (out of around 82,400 bank branches) are NEFT-enabled. Steps are being taken to further widen the coverage both in terms of banks and branches / offices.

I am frequntly availing the advanatages of the NEFT .
Answered by LIPSIKA, 13 Jan '12 11:20 am

 
  
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2.

National Electronic Funds Transfer have used it a lot of times for example paying credit card bills or for internet shopping and paying directly from my account thru Net
Answered by iqbal seth, 13 Jan '12 11:08 am

 
  
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3.

National Electronic Funds Transfer..

most of the transactions these days are this way only...e.g. salary credit
Answered by Incredible Abhi, 13 Jan '12 11:07 am

 
  
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4.

Internet / net banking
mosty of use this facility now
Answered by Ataur Rahman, 13 Jan '12 11:05 am

 
  
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