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Which of the following is not true about National Electronic Funds Transfer
Commerce
Banking - Latest Trends
Question
Updated
19 Aug 2026
Which of the following is not true about National Electronic Funds Transfer (NEFT) system?
A
Choose Your Answer
A
There is no limit on transactions through NEFT
B
NEFT operated in hourly batches
C
NEFT is a payment system which facilitates one-to-one funds transfer
D
Only bank branches which are NEFT enabled can be a part of the NEFT funds transfer network
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