General Studies · Payment Systems
Is it possible to transfer funds using the National Electronic Funds Transfer (NEFT) system without requiring a bank account?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1No
- 2Yes, walk-in customers can deposit cash up to a certain limit per transaction✓
- 3Only for international transfers
- 4Only through registered agents
Correct answer
Yes, walk-in customers can deposit cash up to a certain limit per transaction
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