What is NEFT ? – InterviewSolution

1.	What is NEFT ?
Answer» NEFT is a banking system whereby if a person desires to make a payment to a person or company, he/she can contact his/her bank and transfer the payment to the beneficiary directly. In this system the transfer of money to the account of the beneficiary is done within two hours. There is no limit of money for the transfer through this system.

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