The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur

  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
NationNagpur City

RBI: NEFT will soon be available for 24 hours

by Suniya Ramakrishnan October 4, 2019October 5, 2019
written by Suniya Ramakrishnan October 4, 2019October 5, 2019
RBI: NEFT will soon be available for 24 hours

In order to facilitate smooth functioning of transactions, Reserve Bank of India on Friday announced that the National Electronic Funds Transfer (NEFT) payment system will soon be available for 24 hours. The revised timings will be effective from December this year. This announcement has come after RBI’s Monetary Policy Meet. National Electronic Funds Transfer is Reserve Bank of India controlled platform which facilitates interoperable payment for fund transfer by a customer between different accounts.

Currently, NEFT is available only till 7:45 pm on working days. Also, NEFT does not work on 2nd and 4th Saturday of the week.

As per the source, the facility will help the banks in better fund management. RBI had announced its plan of making NEFT 24×7 in the Monetary Policy Meet held in August. The availability of NEFT on a 24×7 basis is expected to revolutionize the retail payments system of the country.

Get all the latest and current news Nagpur here. For an exclusive & live updates from the Nagpur, stay connected with THE LIVE NAGPUR.

city newslive nagpurnagpurnagpur news
0 comment
FacebookTwitterLinkedin
Suniya Ramakrishnan

previous post
Discipline is the key to success- CA Vikram Shah
next post
Malaysian Palm Oil Council (MPOC) organizes Healthy Living with Palm Oil, a fun-filled food-hunt for Bloggers’ in the city of dreams, Mumbai

You may also like

Mastermind behind Amrawati murder arrested

July 2, 2022

Management of plastic more important than banning

July 2, 2022

NDS recovers fine of Rs 2.30 lakh for...

July 2, 2022

RTM Nagpur University to host Indian Science Congress...

July 2, 2022

After Udaipur, Amravati man likely killed for backing...

July 2, 2022

SpiceJet flight to Jabalpur returns to Delhi after...

July 2, 2022

Captain Amarinder Singh to be NDA’s candidate for...

July 2, 2022

Services of Sainagar Shirdi-Puri weekly Express to be...

July 2, 2022

First glimpse of futala fountain

July 1, 2022

NDS launches intensified campaign against single use plastic...

July 1, 2022

Trending News

  • India logs 17,070 new COVID cases in last 24 hours

    July 1, 2022
  • Rise in COVID cases, India reports 18,819 positive in last 24 hours

    June 30, 2022
  • First batch of pilgrims leaves for Amarnath Yatra

    June 30, 2022
  • India bans single use plastic, to be in effects from July, check list of ban items

    June 28, 2022
  • Drop in COVID cases, India detects 11,739 positive in last 24 hours

    June 26, 2022

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Search

October 2019
M T W T F S S
« Sep   Nov »
 123456
78910111213
14151617181920
21222324252627
28293031  

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us
  • Work with us
  • Contact Us

© 2020 - The Live Nagpur . All Rights Reserved.