Zoho Bookings & SalesIQ Alignment

Disclaimer

The content on this website is for educational purposes only and does not constitute financial, investment, legal, or professional advice.

Neither FinE, nor associated institutions, including NSE, BSE, MCX, and NCDEX, assume any responsibility for investment decisions made based on this information.

Please consult a qualified financial professional before making investment decisions.

< Back

NEFT (National Electronic Funds Transfer)

Meaning :

NEFT stands for National Electronic Funds Transfer. It is a safe electronic system used to transfer money from one bank account to another within India. NEFT works in half-
hour batches throughout the day and is available 24 hours a day, 7 days a week. Money is  transferred using the account number, IFSC code, and bank name.


Importance in Finance :  

NEFT is a reliable and safe way to send money.
It is suitable for both personal and business payments.
No physical cash is needed for these transactions.
It helps keep digital records of transactions.

Uses  :

Paying salaries to employees.
Making payments to vendors and suppliers.
Transferring money between personal accounts.


Launch your GraphyLaunch your Graphy
100K+ creators trust Graphy to teach online
FinE Financial Empowerment for Everyone 2025 Privacy policy Terms of use Contact us Refund policy