Assessment & Comparison Of The Growth Of National Electronic Funds Transfer (Neft) Transactions In Public And Private Sector Banks
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Abstract
E-banking is crucial for enhancing financial accessibility, allowing customers to conduct transactions anytime and anywhere, which increases convenience and efficiency. This study aims to analyses the growth trends in National Electronic Funds Transfer (NEFT) transactions across Public and Private Sector Banks in India over a decade (2013-2022). For the study data was collected from official website of Reserve Bank of India and it was analysed with the help of CAGR, mean, standard deviation along with statistical tools like the Mann-Whitney U test. The research highlights National Electronic Funds Transfer (NEFT) performance between the two sectors by analysing the growth rates, transaction volume, and consistency. This study has demonstrated that the Public and Private sector banks in India have achieved remarkable growth in digital transactions over the years, with a significant increase in National Electronic Funds Transfer (NEFT) transactions. There is no significant difference between public and private sector banks regarding the amount of National Electronic Funds Transfer (NEFT) outward transactions. There is more consistency in public sector banks regarding the amount of National Electronic Funds Transfer (NEFT) outward transactions.
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Dr. Ram Pal, Dr. Suresh Sharma, & Rajneesh Kumar. (2024). Assessment & Comparison Of The Growth Of National Electronic Funds Transfer (Neft) Transactions In Public And Private Sector Banks. Educational Administration: Theory and Practice, 30(3), 2937–2944. https://doi.org/10.53555/kuey.v30i3.8820
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