What is NEFT? Banking Interview Questions and Answers | Mr. Jasbir Singh | IPB India

NEFT stands for National Electronic Funds Transfer. Starting in November 2005, NEFT is an electronic funds transfer system set up and managed by the Reserve Bank of India. NEFT allows the online transfer of funds from one NEFT-enabled bank account to another.

In this video, Mr. Jasbir Singh, Retd. General Manager of Oriental Bank of Commerce and Mentor in Dean Academics at Institute of Professional Banking, talks about NEFT. I hope you like this video.

𝐂𝐚𝐥𝐥 𝐮𝐬 𝐚𝐭 +𝟗𝟏 𝟕𝟐𝟕𝟐𝟎𝟎𝟎𝟎𝟑𝟒

𝑺𝒖𝒃𝒔𝒄𝒓𝒊𝒃𝒆 𝒕𝒐 𝒐𝒖𝒓 𝒀𝒐𝒖𝑻𝒖𝒃𝒆 𝑪𝒉𝒂𝒏𝒏𝒆𝒍 -
Follow us on other Social media sites -

► Facebook -

► Instagram -

► LinkedIn -

What is the account opening process

What is a Joint Stock Company

Types of NRI Account

How to Open NRI Account

What is LRS

What is the Negotiable Instruments Act

What is an Endorsement

#IPBIndia #Bankingsector #interviewtips #Instituteofprofessionalbanking #jasbirsingh #retdbanker #interviewquestion #bankers #bankingaspirants #professionalbanker #bankingsector #interview #questions #soleproprietorship #businessentity #partnership #partnershipfirm #features #bestplacetostudy #interviewtips #bankingjobs #mohali #chandigarh

[vrajnagar]

Can a customer transfer money from his sbi bank to someone having account at sbi bank of different branch through neft ?

[sajibsannashe]

Sir, which commitee recommandation by NEFT?

[pi-en]

Is this only for other person account in other bank or also for same bank ?