Airtel Payments Bank enables 24×7 NEFT money transfer

“We welcome the RBI mandate as it will allow our customers to easily transfer the money to any bank account at any time using NEFT mode,” Ganesh Ananthanarayanan, Chief Operating Officer, Airtel Payments Bank said.

Airtel Payments Bank offers a host of solutions to make digital payments and money transfers including the UPI (Unified Payments Interface), IMPS (Immediate Payment Service), debit card and wallet. Users can now use the NEFT facility to transfer funds round the clock like the case with UPI fund transfer on the app.

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To use the features, users can head over to Airtel’s banking app or website and select ‘Transfer money’ option. Under the ‘Transfer to bank’ option, users can see a screen to register the beneficiary. Once the beneficiary is registered, users can transfer the money via NEFT.

Earlier, the NEFT transactions were limited to different timings of the week depending on a Bank’s working hour and days. Users could only use the payment system from 8 am to 7 pm on weekdays and from 8 am to 1 pm on the first and third Saturdays of the month.