The National Electronic Fund Transfer, or NEFT, is one of the most commonly-used ways of transferring money online from one bank account to a**ther. But until **w it had a limitation - transfer was **t instantaneous. But that will change from July 10 with the RBI deciding to enhance the payment system and reducing the clearance time. At present, there are 12 settlements between 8am and 7pm on weekdays and six settlements between 8am and 1pm on Saturdays. ...
05-31-2017, 12:00 AM
NEFT transfers to get faster
The National Electronic Fund Transfer, or NEFT, is one of the most commonly-used ways of transferring money online from one bank account to a**ther. But until **w it had a limitation - transfer was **t instantaneous. But that will change from July 10 with the RBI deciding to enhance the payment system and reducing the clearance time. At present, there are 12 settlements between 8am and 7pm on weekdays and six settlements between 8am and 1pm on Saturdays. ...
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