What is the full form of NIFT – NEFT Full Form & Meaning

Definition/Full Form: NEFT की Full-Form होती है – National Electronic Funds Transfer

In Hindi: National Electronic Funds Transfer in Hindi transfer national electronic fund called.

Category: Banking

NEFT Full Form | Meaning | Other Details

National Electronic Funds Transfer (NEFT) is an electronic way of transferring money from one account to another. It is a safe way to transfer money, which is operate by RBI. Bank Branch is required to have IFSC for transfer of money from NEFT.

This service is done in two ways – Offline & Online

The offline method is only used in banks while the online method is available to the bank’s customers. Customers use it under Online Banking.

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