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NEFT stands for:

ANew Electronic Fund Transaction
BNational Easy Fund Transfer
CNet Electronic Funds Transfer
DNational Electronic Funds Transfer
Answer & Solution
Correct answer: D. National Electronic Funds Transfer
1. The question asks: NEFT stands for. 2. Correct answer: National Electronic Funds Transfer. 3. NEFT is a nationwide electronic funds-transfer system. _Source: BOI Quick Revision — General Banking & Financial Awareness (2020), Payment Systems_
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