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NEFT transfers

NEFT TRANSFERS NEWS

NEFT service to be unavailable for 14 hours on Sunday: Here's what you need to know

May 19, 2021 6:53 pm

The Reserve Bank of India (RBI) has said that NEFT service will not be available from 00:01 hours to 14:00 hours on Sunday, May 23, 2021. However, RTGS service will continue to be operational as usual during this period for transferring funds.

Now avail NEFT fund transfer 24x7

December 17, 2019 12:41 pm

Customers can now transfer money through NEFT without paying any charges any time of the day whereas banks charge a fee for fund transfer through cheques and demand draft (DD).

No levying of charges on NEFT payment from January: RBI to banks

November 08, 2019 6:08 pm

The central bank has also proposed that FASTags would be enabled to pay for parking fee and even at fuel stations.

RBI removes charges on RTGS/NEFT transactions; asks banks to pass on benefits

June 06, 2019 3:50 pm

The Real Time Gross Settlement System (RTGS) is meant for large-value instantaneous fund transfers while the National Electronic Funds Transfer (NEFT) System is used for fund transfers up to Rs 2 lakh.

Explained: How NEFT works, why RBI has suggested 24×7 money transfer

May 16, 2019 4:02 pm

If RBI makes NEFT 24x7, it will not only ease the fund transfer for customers round the clock but will also take some load-off the bank branches for executing such transactions.

SBI reduces NEFT, RTGS charges upto 75%

July 13, 2017 3:51 pm

The reduced charges on NEFT and RTGS will be applicable on the transactions done through internet banking and mobile banking services offered by the bank, the bank said in an official statement here on Thursday.

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