GK
BANKING AWARENESS AND SEBI
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
NEFT is useful because:
|
|
The beneficiary need not visit his/ her bank for depositing the paper instruments.
|
|
|
The remitter need not send the physical cheque or Demand Draft to the beneficiary.
|
|
|
Cost effective
|
|
|
All the above
|
Explanation:
Detailed explanation-1: -Amount to be remitted. Remitting customer’s account number which is to be debited. Name of the beneficiary bank. Name of the beneficiary. Account number of the beneficiary. Sender to receiver information, if any. More items
There is 1 question to complete.