Anthony Norman
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The NEFT payment system allows you to transfer funds from a managed account in any bank to any other branch of the bank provided that the transaction is carried out between the participating banks of the specified payment system. At the moment, the transfer of funds through NEFT is possible only during the working hours of the bank. To give impetus to the movement of digital funds, it was decided to cancel the commissions charged by the Reserve Bank for transactions processed in the RTGS and NEFT systems.
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Anthony Norman
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