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Explain any four feature of NEFT

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Explain any four feature of NEFT

Posted by Gaurav Kumar 6 years, 11 months ago

CBSE > Class 11 > Business Studies

1 answers

Sakshi Sharma ??️??️??️ 6 years, 11 months ago

(i)NEFT is an electronic payment system that uses a secure mode of tranferring funds from one bank branch to another bank branch. (ii) There is no minimum or maximum limit of amount of funds that could be transferred using NEFT. (iii) The remitter can track the NEFT transaction through the originating branch.

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