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What are the other transactions that could be initiated using NEFT?

April 26, 2017initiated neft transactions

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What are the other transactions that could be initiated using NEFT?

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Ans: The NEFT system can be used to pay credit card dues to the card issuing banks. A separate Transaction Code (No. 52) has been allotted in the NEFT system to facilitate the payment of credit card dues to card issuing banks. It is necessary to quote the IFSC of the beneficiary card issuing bank to initiate the bill payment transactions using NEFT.