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Q 2352056834.     Many a time we read in news paper about the benefits of NEFT, a delivery service launched by the bank .Why do banks advocate for such delivery channels?
A- It is a system in which no physical transfer takes place hence risk is very low.
B- In this system banks are not required to transfer any money actually to the account of the customer only book adjustment is done. Hence actual fund is not needed.
C- This facility is available to anybody at any place. Even having a bank account is not at all necessary.
IBPS-PO 2017 Mock Mains
(Provided By a Student and Checked/Corrected by EXXAMM.com Team)