Which of the following is not true about National Electronic Funds Transfer (NEFT) system? - Study24x7
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Which of the following is not true about National Electronic Funds Transfer (NEFT) system?

A

There is no limit on transaction through NEFT

B

NEFT operates 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.

Banking
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