Neft full form: NEFT stands for National Electronic Funds

NEFT stands for National Electronic Funds Transfer, an electronic payment system that allows you to transfer funds from one bank to another. Learn how NEFT works, what information you need, and how to pay credit card bills using NEFT . NEFT stands for National Electronic Funds Transfer, a system that enables fund transfers between bank accounts across India. Learn how NEFT works, its advantages, charges, and alternatives like PayZapp. What is National Electronic Funds Transfer system ? Ans: National Electronic Funds Transfer (NEFT) is a nation-wide centralised payment system owned and operated by the Reserve Bank of India (RBI). NEFT stands for National Electronic Funds Transfer, a payment system in India that allows fund transfers between bank accounts. Learn how NEFT works, its features, advantages, timings, limits, and charges in this blog post.