NEFT Meaning and Full Form NEFT stands for “National Electronic Funds Transfer.” It is a popular electronic funds transfer system in India that enables individuals and businesses to electronically transfer money from one bank account to another within the country. NEFT transactions are typically used for various purposes, including transferring funds to family members, paying bills, making payments for goods and services, and more. It’s a secure and efficient way to move money between ... Frequently Asked Questions - Reserve Bank of IndiaFrequently Asked Questions NEFT stands for National Electronic Funds Transfer. Learn about the features and benefits of NEFT, how it works, steps to initiate an NEFT transaction. NEFT stands for National Electronic Funds Transfer, a system that allows you to transfer funds from one bank to another. Learn how NEFT works, what information you need, how to pay bills using NEFT, and more.
