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Business Services
Question
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Is there any limit on the amount that can be transferred using NEFT ?

Answer

No there is no limit (either minimum or maximum) on the amount of funds that can be transferred using NEFT.

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Some More Questions From Business Services Chapter

What do you mean by Public Warehouse ?

What is meant by cold storage houses ?

Explain any three considerations which a business firm should take into account for choosing a suitable mode of transport.

Under the principle of subrogation, why does the right of ownership of damaged property pass on to the insurer after the compensation has been paid to the insured ?

How does the insurance distribute the loss ?

What do you mean by specialised banks ? Give three examples of specialised banks.

Write down the types of postal services.

Name the services included in postal services.

Write down the non-banking services of postal services.

Distinguish between inland mail and international mail.