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Launched in November 2005 by Reserve
Launched in November 2005 by Reserve
Bank of India (RBI), National Electronic Funds
Bank of India (RBI), National Electronic Funds
Transfer (NEFT) is a nationwide centralised
Transfer (NEFT) is a nationwide centralised
payment system
payment system
30.6% CAGR
30.6% CAGR
growth in volume since 2018
growth in volume since 2018
14.3% CAGR
14.3% CAGR
growth in value from FY 2017-18 to
growth in value from FY 2017-18 to
FY 2021-22
FY 2021-22
404 crores
404 crores
of transactions in FY 2021-22
of transactions in FY 2021-22
Source: NPCI Source: NPCI
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