General Knowledge · Banking Systems
Which of the following statements regarding the National Electronic Funds Transfer (NEFT) system is/are correct? A. NEFT operates in half-hourly batches throughout the day. B. NEFT allows outward remittances to Nepal under the Indo-Nepal Remittance Facility Scheme. C. NEFT transactions are settled in real-time on an individual basis.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A, B, and C
- 2B and C only
- 3A and C only
- 4A and B only✓
Correct answer
A and B only
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