NEFT is the term which is used in the context of shifting of funds electronically by the customers from one bank account to another bank account. Full form of NEFT is National Electronic Funds Transfer, there is no limit and the individual or a company can move any amount all over the country and the money is transferred on the same day on which the transfer is made. One should keep in mind this facility is available for Indian currency only and foreign currency remittance cannot be done using this facility.