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The Reserve Bank of India will soon make National Electronic Fund Transfer available round the clock on all days for bank customers. Currently, the channel can only be used between 8am to 7pm on working days.
“The Reserve Bank will make available the NEFT system on a 24x7 basis from December this year. This is expected to revolutionise the retail payments system of the country,” governor Shaktikanta Das said during the Monetary Policy press conference.
Transact round the clock: NEFT timings to change from December, RBI announces
“The Reserve Bank will make available the NEFT system on a 24x7 basis from December this year. This is expected to revolutionise the retail payments system of the country,” governor Shaktikanta Das said during the Monetary Policy press conference.
Transact round the clock: NEFT timings to change from December, RBI announces