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Why does float exist and what effect would electronic funds transfer systems have on float?
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What is NEFT payment system stands for?
NEFT stands for National Electronic Funds Transfer This is a method used for transferring funds across banks in a secure manner. It usually takes 1 - 2 working day for the transfer to happen.
What is cot cove for rbi UK to India transfer?
The cot code for RBI, Reserve Bank of India, to transfer funds from the UK to India is not available online. You will need to contact the financial institution directly for the cot code to complete a transaction.
How muct time does it take to transfer money from YES bank to ICICI bank?
It depends on how you transfer the money. If you are using NEFT (National Electronic Funds Transfer) it will usually take one business day and if you are using RTGS (Real Time Gross Settlement) it will take usually one to two hours.
What is electronic commerce?
E-commerce refers to the purchase and sale of goods and services over the internet, as well as the movement of funds and data to complete the transaction. Electronic commerce, or internet commerce, is another name for it.
Is Electronic Funds Transfer require a deposit slip?
No. Electronic Funds Transfer does not require a deposit slip. All electronic transactions are initiated through the banks website and is completed in a paperless fashion. The bank might print out daily or monthly transaction lists but for a single transaction, no paper slips are required.
What do you call a business transaction that occurs over an electronic network such as the Internet?
Electronic funds transfer (eft)... Within the network of Ecommerce, or an Ebrokerage...
how do I set up electronic funds transfer?
how do I set up electronic funds transfer
How long does it take transfer money from Mauritius to England by bank?
That depends - on how fast the transaction is processed by the bank in Mauritius. One the transaction is approved - electronic movement of the funds is almost instantaneous.
Eft stands for?
According to Finance EFT stands for: 1. Exchange Traded Funds, investment fund traded on stock exchanges, much like stocks. 2. Electronic funds transfer, a type of financial transaction
How long for electronic fund transfer to take place?
how long for elctronic transfer of funds
What is the full form of EFT?
electronic funds transfer (EFT)
Full form of NEFT?
National Electronic Funds Transfer
What is the full form of NEFT?
National Electronic Funds Transfer.
What has the author Thomas F Horan written?
Thomas F. Horan has written: 'Electronic payment systems' -- subject(s): Electronic funds transfers 'Electronic funds transfer systems' -- subject(s): Electronic funds transfers
One of the drawbacks of electronic funds transfer is?
One drawback of electronic funds transfer is the potential for security breaches and fraud, as hackers may attempt to intercept sensitive financial information during the transaction process. Additionally, technical glitches or system failures can temporarily disrupt the transfer of funds, causing inconvenience for both the sender and recipient.
In bank process what is meant by NEFT?
National electronic funds transfer.......
