ExamVeda
Login
Home

What is the full form of NEFT

This question belongs to Abbreviations Banking Abbreviations
Banking Abbreviations
?

What is the full form of "NEFT"?

Answer & Solution
Correct Answer: Option D
National Electronic Funds Transfer (NEFT) is a mode of online funds transfer that is introduced by the Reserve Bank of India (RBI). It quickly transfers money between banks throughout India. A bank branch must be NEFT-enabled for a customer to be able to transfer the funds to another party.
Examveda
Question posted by Examveda
Community

Join the Discussion

No comments yet Be the first to discuss this question.
Keep Learning

Related Questions on Banking Abbreviations

What is the full form of "UTI"?
A. Unit Trust of India B. United Tax Information C. Uniform Tax for India D. Undivided Individual Tax
What is the full form of "UCB"?
A. Union Cooperative Bank B. Urban Cooperative Bank C. United Corporation Bank D. Unique Conveying Basis Points
What is the full form of "UBD"?
A. Undivided Banking Deposit B. Unified Banking Deviations C. Urban Banks Department D. Urban Business Development
What is the full form of "SCB"?
A. Simple Cash Binding B. Statistical Business Consortium C. State Cooperative Bank D. SMB Cooperative Bank
More Related Questions on Banking Abbreviations