NEFT (National Electronic Funds Transfer)

byPaytm Editorial TeamLast Updated: November 14, 2025

Meaning

NEFT stands for National Electronic Funds Transfer. It is an online payment system that allows users to transfer money from one bank account to another in batches throughout the day.

Features

NEFT is available 24×7 and supports one-to-one money transfers using an account number and IFSC code.

Author

Paytm Editorial Team

The Paytm Editorial Team is a collaborative group of writers, editors, and industry experts. We're dedicated to bringing you the latest insights, news, and guides on digital payments, financial services, and the technology that's shaping India's economy. We offer easy-to-follow guides and insights to help you explore Paytm’s products, features, and services. Our goal is to provide clear, reliable, and helpful information to empower you on your financial journey.

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