National Electronic Funds Transfer (NEFT) Definition

National Electronic Funds Transfer (NEFT)

Definition of what National Electronic Funds Transfer (NEFT) stands for (in finance):

System of the Reserve Bank of India that processes payments as an automated clearing house (ACH).

More Term Definitions

• Proof-of-Authority (PoA) Definition
• Zombie Loan Definition
• Innovation Definition
• BI (Blockchain Insurance Industry Initiative) Definition
• Algorithmic Trading (Algo Trading) Definition