The Live Nagpur
  • Nagpur City
  • Business
  • Crime
  • Editor’s Picks
  • Entertainment & Lifestyle
  • Featured
  • Health & Wellness
  • Nagpur Education
  • Nagpur Sports
  • Nation
  • Politics
  • Trending
  • Vidarbha

The Live Nagpur

  • Home
  • Nagpur City
  • Politics
  • Business
  • Nagpur Education
  • Entertainment
  • Nagpur Sports
  • Health
  • Vidarbha
  • Crime
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

Despite fear factor, citizens of Nagpur all set...

January 18, 2021

Highly Effective Fake Invoices Drive continuing against Fake...

January 18, 2021

No fines on not wearing mask inside private...

January 18, 2021

Consumer Redressal Forum asks Infratech Real Estate to...

January 18, 2021

Good initiative indeed, traffic cops to be equipped...

January 18, 2021

Army fetes ‘Veer Naris’ on the occasion of...

January 18, 2021

Strike of Employees, garbage collection in half of...

January 18, 2021

Over 25 people injured as ST bus fell...

January 17, 2021

Nagpur reports 329 fresh COVID-19 cases, tally reaches...

January 17, 2021

Whatsapp shares status to users assuring safety over...

January 17, 2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Trending News

  • State Education Minister: Schools for Classes 5 to 8 to Reopen from Jan 27

    January 16, 2021
  • 62 passengers and crew aboard Indonesia plane suspected to have crashed

    January 9, 2021
  • COVID-19 Pandemic, Teachers to get Insurance Cover Facility

    January 9, 2021
  • Nagpur bagged 17th place as happiest city in India; Second In Maharashtra after Pune

    January 7, 2021
  • Pench National Park gets First Place among National Parks across Country

    January 2, 2021

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
  • Business
  • Crime
  • Editor’s Picks
  • Entertainment & Lifestyle
  • Featured
  • Health & Wellness
  • Nagpur Education
  • Nagpur Sports
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us
  • Work with us
  • Contact Us

© 2020 - The Live Nagpur . All Rights Reserved.