NEFT Meaning and Full Form NEFT stands for “National Electronic Funds Transfer.” It is a popular electronic funds transfer system in India that enables individuals and businesses to electronically transfer money from one bank account to another within the country. NEFT transactions are typically used for various purposes, including transferring funds to family members, paying bills, making payments for goods and services, and more. It’s a secure and efficient way to move money between ... 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 (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. National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer. Under this Scheme, individuals, firms and corporates can electronically transfer funds from any bank branch to any individual, firm or corporate having an account with any other bank branch in the country participating in the Scheme.
