Business Studies

A fee is applicable for processing NEFT transaction.


ANSWER

True


SOLUTION
A fee is applicable for processing NEFT transaction- this is a true statement. When a transaction is made through NEFT, some service tax is charged with ranges from Rs. 2.5 to Rs 5. It is charged when funds are transferred from one bank account to another.
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TRUE/FALSE Medium Published on 18th 08, 2020
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