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Electronic Transfer Funds Worldwide Electronic Transfer Funds NEFT Scheme 2016 New products rules are--National Electronic Funds Transfer System, News of Mobile Banking Services,National Electronic Clearing Services Banks introduced an electronic funds transfer system to facilitate an efficient, secure, econo-mical, reliable and expeditious system of funds transfer and clearing in the banking sector throughout India, and to relieve the stress on the existing paper-based funds transfer and clearing system called National Electronic  Funds  Transfer System (NEFT System).

Universal Banking definitions Universal Banking Question Answer 2016 Important syllabus which can asked in private and government bank exam definitions advantages and disadvantages refers to those services offered by banks beyond traditional banking service such as saving accounts and loans and includes Pension Funds Manage-ment, undertaking equipment leas-ing, hire  purchase business and factoring services, Primary Dealer-ship (PD) business, insurance business and mutual fund business.