From which year is the NEFT facility available through electronic mode?
Understand the Problem
The question in the image is asking about the year when the NEFT facility became available through electronic mode. It presents multiple-choice options for the answer.
Answer
November 2005
The NEFT facility has been available through electronic mode since November 2005.
Answer for screen readers
The NEFT facility has been available through electronic mode since November 2005.
More Information
NEFT is a popular fund transfer system in India, enabling electronic funds transfer between banks on a deferred net settlement basis.
Tips
Ensure to distinguish between the initial introduction of NEFT and the date it became 24x7.
Sources
- National Electronic Funds Transfer - Wikipedia - en.wikipedia.org
- NEFT National Electronic Funds Transfer - cleartax.in
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