Neft meaning: NEFT is an electronic payment

NEFT is an electronic payment system that allows individuals and organizations to transfer funds between bank accounts in India. Learn how NEFT works, its features, advantages, timings, limits, and charges. NEFT, or National Electronic Funds Transfer, is an electronic payment system introduced by the Reserve Bank of India (RBI) in November 2005. It serves as a convenient and secure method for electronically transferring funds between bank accounts across India. NEFT (National Electronic Funds Transfer) is a secure and efficient system for transferring funds between bank accounts in India. Learn more about how it works, its benefits, and usage. NEFT stands for National Electronic Funds Transfer, a system that allows you to transfer funds from one bank to another. Learn how NEFT works, what information you need, how to pay bills using NEFT, and more.