InvestorQ : Can I use NEFT service at any time of the day?
Neha Samdani made post

Can I use NEFT service at any time of the day?

Answer
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K V RAO answered.
1 year ago


Timings 8AM to 7PM on all working days including bank working Saturdays


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Roshni Hegde answered.
1 year ago


Yes, very soon! The Reserve Bank of India said the National Electronic Funds Transfer will be active on service any time you want. The activation of 24/7 service will be done from December 2019. The RBI governor aims their objective to boost the retail payments system of India.
Current availability of NEFT service- The National Electronic Funds Transfer (NEFT), a digital payment system by RBI is currently functioning from 8.00 am to 7 pm on all working days. However, NEFT service does not work on every second and fourth Saturday.
What is the cause of such revolutionise step by the government?-
Push the Indian payment system towards digital payment. Attract customers more towards NEFT, IMPS and RTGS services.