General Knowledge · General Awareness
Can walk-in customers who do not hold a bank account use the National Electronic Funds Transfer (NEFT) system to remit funds within India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1No, walk-in customers are completely barred from using NEFT for remittances under Reserve Bank of India guidelines.
- 2Yes, walk-in customers can use it, but the remittance must be strictly below 1,000 rupees.
- 3No, only active bank account holders can initiate money transfers using the NEFT system.
- 4Yes, walk-in customers can deposit cash at NEFT-enabled branches up to a specified limit per transaction by providing necessary details.✓
Correct answer
Yes, walk-in customers can deposit cash at NEFT-enabled branches up to a specified limit per transaction by providing necessary details.
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