NEFT is used for Electronic Transfer of Funds between two bank accounts. Which of the following is not mandatory for NEFT transaction?

Question

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IFSC Code

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MICR Code

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IFSC Code

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Recipient’s Bank Account Number

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Recipient’s Bank Account Name

1.	NEFT is used for Electronic Transfer of Funds between two bank accounts. Which of the following is not mandatory for NEFT transaction?
A.	MICR Code
B.	IFSC Code
C.	Recipient’s Bank Account Number
D.	Recipient’s Bank Account Name
Answer» B. IFSC Code

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