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NEFT News

01 Apr 2024

HDFC Bank Asks Customers To Avoid Using NEFT Money Transfer Method On April 1

To transfer money HDFC Bank customers can utilize alternative transaction methods like Immediate Payment Service (IMPS), Real Time Gross Settlement (RTGS), and Unified Payments Interface (UPI).

02 Jun 2023

After UPI, NEFT, RTGS Reserve Bank Of India Now Prepares For 'Lightweight Payment System'

RBI is planning to introduce a lightweight payment and settlement system (LPSS) that can operate from anywhere with minimal staff. The LPSS will be activated on a need basis and will operate independently of existing payment systems, such as RTGS, NEFT, and UPI.

Post Office savings account

23 May 2022

Post Office savings account holders to get NEFT, RTGS facility

PO saving account customers, on the other hand, will be able to use the RTGS service starting May 31, 2022. Customers can now effortlessly transfer funds from other bank accounts to POSB accounts in DoP-CBS.

State Bank of India

14 Jan 2022

SBI transaction rules changing from next month --All you want to know

SBI enhanced the limit on IMPS transactions. IMPS Limit hiked from Rs 2 lakh upto Rs 5 lakh. Bank to charge customers along with GST on IMPS.

State Bank of India

05 Jan 2022

Check SBI’s service charges on IMPS, NEFT and RTGS transactions– See chart

Though SBI will charge customers along with GST on IMPS through bank branches from next month, there will be no charges on transactions through Digital Channels.

15 Nov 2021

Online transactions? Know what will happen to money if IFSC code is wrong

RBI has assigned this 11-digit alpha-numeric code (Reserve Bank of India). Every bank's branch is assigned its own IFSC code, hence each branch has its own IFSC Code. The IFSC code is used in online banking systems such as NEFT, IMPS, and RTGS.

25 Oct 2021

Transferring money online? All you need to know about IMPS, NEFT and RTGS

The National Payments Corporation of India is in charge of the Immediate Payment Service (IMPS). This service is available every day of the week, including holidays, 24 hours a day, seven days a week. The RBI has changed the maximum transaction limit for IMPS, which was formerly Rs 2 lakh.

08 Oct 2021

IMPS vs RTGS vs NEFT: What is the difference and minimum transaction amount?

Since July 2019, RBI stopped levying charges on transactions through NEFT and RTGS, with an aim to promote digital transactions in the country.

11 Aug 2021

5 things you need to take care of before transferring money via NEFT

This is your checklist before NEFT. Know 5 major beneficiary details. Go ahead with NEFT fund transfer after checking these details.

23 May 2021

NEFT not working? Here’s how you can still transfer money online

Technical upgradation of NEFT has led to the temporary suspension of the service. Customers might face difficulties in transferring money online. They can use IMPS to send/receive money online.

Reserve Bank of India

18 May 2021

RBI alert! You won’t be able to do NEFT transfers on THIS date

A technical upgrade of NEFT. Upgrade to enhance performance and resilience. RTGS system continues to be operational.

Reserve Bank of India

17 May 2021

Big alert for online banking! NEFT transfers not to be operational on Sunday

A technical upgrade of NEFT. Upgrade to enhance performance and resilience. RTGS system continues to be operational.

18 Apr 2021

RTGS not working: Find out why and how to transfer funds for now

RTGS facility will remain unavailable till 2 pm on Sunday. The RBI has cited the technical upgrade as the reason behind this temporary shut down. RTGS service is preferred for transferring large sums of money.

15 Apr 2021

Bank update! RTGS will not work between these dates

The temporary halt is due to a technical upgrade of the RTGS services. Users can take advantage of the National Electronic Fund Transfer (NEFT) service in the meanwhile. RTGS transactions deal with only large amounts of money.

12 Apr 2021

Alert! RTGS won’t be operational on April 18: Here’s what RBI said about NEFT

In a press note, the central bank said about “non-availability of service – 00.00 Hrs to 14.00 Hrs on Sunday, April 18, 2021.” The RBI said in a statement that Real-time gross settlement (RTGS) service will not be available from 12 am on April 18 till 2 pm on Sunday. The National Electronic Funds Transfer (NEFT) system will continue to remain operational from 12 am on April 18 till 2 pm on Sunday, RBI said in a statement.

14 Dec 2020

RTGS online fund transfer service available 24X7 from today

Earlier, RTGS was now available from 7.00 am to 6.00 pm. It is available on all working days. You cant avail services on 2nd and 4th Saturdays.

10 Dec 2020

Good news! RTGS fund transfer service to be available 24X7 from This date

RTGS is now available from 7.00 am to 6.00 pm. It is available on all working days. You cant avail services on 2nd and 4th Saturdays.

04 Dec 2020

Contactless card transactions limit to be raised to Rs 5,000 from January 1

Move aimed to expand adoption of digital payment Well-suited to make payments safe. Safe payment during current pandemic.

04 Dec 2020

RTGS fund transfer service to be available 24X7 in next few days

RTGS is now available from 7.00 am to 6.00 pm. It is available on all working days. You cant avail services on 2nd and 4th Saturdays.

01 Dec 2020

New RTGS timings: Know all about RTGS and its transactions

RTGS is now available round the clock It is available on all working days. No charges on transactions through RTGS.

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