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Availability of National Electronic Funds Transfer (NEFT) System on 24×7 basis

Reserve Bank of India

Reserve Bank of India

  1. There will be 48 half-hourly batches every day. The settlement of the first batch will commence after 00:30 hours and the last batch will end at 00:00 hours.
  2. The system will be available on all days of the year, including holidays.
  3. NEFT transactions after usual banking hours of banks are expected to be automated transactions initiated using ‘Straight Through Processing (STP)’ modes by the banks.
  4. The existing discipline for crediting the beneficiary’s account or returning the transaction (within 2 hours of settlement of the respective batch) to the originating bank will continue.
  5. Member banks will ensure the sending of positive confirmation message (N10) for all NEFT credits.
  6. All provisions of NEFT procedural guidelines will be applicable for NEFT 24×7 transactions as well.


Reserve Bank of India

[Notification dt. 06-12-2019]

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