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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