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NEFT transaction News
You can soon carry out NEFT transactions 24x7 like IMPS, UPI - Here’s what RBI did
Wed, Aug 07, 2019
Earlier there were specific time and period imposed when you could carry out NEFT transactions.
NEFT transfers to take half hour as RBI cuts clearance time; should you just IMPS?
Fri, Apr 07, 2017
RBI said, “In line with the document on Vision – 2018 for Payment and Settlement System, the NEFT settlement cycle has reduced for hourly batches to half hourly batches.”
Government limits charges on electronic fund transfer
Wed, Dec 21, 2016
RBI has also rationalised the Merchant Discount Rate (MDR) for debit card transactions up to Rs 2,000 for the 3-month period.