RBI to introduce new batches for settlement of payments through the National Electronic Funds Transfer (NEFT)

Posted on:10 May 2017 10:33:15
RBI to introduce new batches for settlement of payments through the National Electronic Funds Transfer (NEFT)
10 May 2017 Current Affairs:

  • The Reserve Bank of India (RBI) will introduce new batches for settlement of payments through the National Electronic Funds Transfer (NEFT) from 10 July to ensure better service for customers.

  • The additional 11 settlement batches at half-hourly intervals will be introduced from 10 July, beginning from 8.30 am to 6.30 pm.

  • With this, the total number of half hourly settlement batches during the day will increase to 23.

  • NEFT is a widely used payment system regulated by Reserve Bank of India that allows inter - bank transfer of funds.


Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs 2018 June

18 JUNE
NEWS
17 JUNE
NEWS
16 JUNE
NEWS
15 JUNE
NEWS

Current Affairs 2018 May

31 MAY
NEWS
30 MAY
NEWS
29 MAY
NEWS
28 MAY
NEWS

Current Affairs 2018 April

30 APRIL
NEWS
29 APRIL
NEWS
28 APRIL
NEWS
27 APRIL
NEWS