NEFT definition

NEFT means National Electronic Funds Transfer in terms of the regulations and directions issued by the RBI or any regulatory or statutory body;
NEFT means National Electronic Fund Transfer

Examples of NEFT in a sentence

  • The vendor shall have the facility of making the payment either through NEFT or Online Payment.

  • The Payment of EMD by Bank Transfer shall be made through RTGS/ NEFT and the entire amount shall be remitted by the Bidder(s) from one bank account only and to be owned by the Bidder.

  • On selecting NEFT, the vendor shall generate a challan by filling up a form.

  • Payments:Payment will be made after 100% completion of the work on actual measured quantity basis and acceptance byICAR-NRRI through NEFT.

  • Contractor should ensure that at least the prevailing minimum wages, as per the rules of State/Central Minimum wage, which are applicable are paid to his employees only in their respective nationalized bank accounts by means of NEFT/ RTGS/ IMPS.5. The contractor should remit the salary/wages of their workmen only through nationalized Bank, directly to the salary/savings account of the employee concerned.


More Definitions of NEFT

NEFT means National Electronic Fund Transfer in terms of the regulations and directions issued by the Reserve Bank of India or any regulatory or statutory body;
NEFT means Electronic Funds Transfer Facility through the Reserve Bank of India (RBI) NEFT System.
NEFT means National Electronic Funds Transfer system of RBI
NEFT means National Electronics Funds Transfer Service.
NEFT means electronic transfer of money through network from one bank or financial institution to another bank or financial institution;
NEFT means electronic transfer of money through network from one bank or financial institution to another bank or financial institution ;