Thursday, August 8, 2019

Transfer funds 24x7 via NEFT from Dec.
08/08/2019, SPECIAL CORRESPONDENT, MUMBAI

Come December, you can transfer funds round-the-clock using the National Electronic Funds Transfer or NEFT facility. RBI Governor Shaktikanta Das announced on Wednesday that the central bank would make available the NEFT system 24x7 from December.

Currently the system is available from 8 a.m. to 7 p.m. on all working days except second and fourth Saturdays of the month.

In another citizen-friendly measure, the Reserve Bank has thrown open the Bharat Bill Payment System to all categories of billers, except prepaid recharges.

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