Give the important features of NEFT as a system of remittance of funds

cbse
business-services

#1

(i)NEFT is an electronic payment system that uses a secure mode of tranferring funds from one bank branch to another bank branch.
(ii) There is no minimum or maximum limit of amount of funds that could be transferred using NEFT.
(iii) The remitter can track the NEFT transaction through the originating branch.