Current Affairs · Banking
Select the incorrect statement about NEFT.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1This facility is also available through online banking
- 2It is used to facilitate the transfer of funds by customers from one bank to another bank in India
- 3It is developed by RBI
- 4Its full form is National Electronic Facility of Transfer✓
Correct answer
Its full form is National Electronic Facility of Transfer
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