Online funds transfer through NEFT to be now available 24x7: RBI
The RBI also said that round-the-clock NEFT facility will strengthen the fund management system of banks. The move is likely to reform the retail payments system in India.
Last Updated: October 4, 2019 | 18:43 IST
The six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) Friday said that the online money transfer through NEFT will be available 24x7 from now onwards.