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Now NEFT system would be available 24*7 all days of year w.e.f December 16, 2019: RBI

December 7, 2019
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RBI vide circular no. RBI/2019-20/111 DPSS (CO) RPPD No.1097/04.03.01/2019-20 has decided that National Electronic Funds Transfer (NEFT) transactions would be made be available 24x7 basis from 16 December. There will be 48 half-hourly batches every day. The system will be available on all days of the year, including holidays. The settlement of first batch will commence after 00:30 hours and the last batch will end at 00:00 hours, said RBI

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