18(NEFT) Flashcards
1
Q
to what NEFT is related to
A
online transcations
2
Q
expand
A
National Electronic Fund Transfer
3
Q
what is diffrence between NEFT and RTGS
A
NEFT take time but RTGS is realtime
4
Q
why in news
A
NEFT is handled by RBI and works generally during office hours. So now RBI has made it 24*7 and has joined elite club of few countries with such facilities
