Q464
Which of the following is not true about National Electronic Funds Transfer (NEFT) system?
A.
There is no limit on transaction through NEFT
B.
NEFT operates in hourly batches
AnswerC.
NEFT is a payment system which facilitates one-to-one funds transfer
D.
Only bank branches which are NEFT enabled, can be a part of the NEFT funds transfer network
Answer: Option B
Solution
Answer: Option B
No explanation is given for this question Let's Discuss on Board