India has made astounding progress in the payment ecosystem and has outrun the rest of the nations in terms of volume, value and the real-time nature of payments Automation, digitalisation and information technology have completely transformed the world’s industries and enterprises. The Reserve Bank of India has been patronizing the largest clearing and settlement system in the globe and reaped …
National Electronic Funds Transfer is an acronym for National Electronic Funds Transfer. The Reserve Bank of India created and manages the NEFT electronic funds transfer system, which was launched in November 2005. NEFT allows you to transfer money from one NEFT-enabled bank account to another via the internet. A person without a bank account can send money to a beneficiary …
)
