Electronic Fund Transfer (EFT) Current Affairs, GK & News

Electronic fund transfer (EFT)

System which utilizes computer and electronic components in order to transfer money or financial assets. EFT is information based and intangible.

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What is Education Ministry’s caution on using Ed-tech platforms?

On December 23, 2021, India’s Education Ministry issued an advisory on education technology (edtech) platforms, stating that some firms are targeting families by getting their consent on Electronic Fund Transfer (EFT) mandate or activating auto-debit feature. Highlights This advisory was issued as Department of School Education and Literacy received several complaints regarding such offers. There were reports ..

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