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.



  • 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 September

20 SEPTEMBER
NEWS
19 SEPTEMBER
NEWS
18 SEPTEMBER
NEWS
17 SEPTEMBER
NEWS

Current Affairs 2018 August

31 AUGUST
NEWS
30 AUGUST
NEWS
29 AUGUST
NEWS
28 AUGUST
NEWS

Current Affairs 2018 July

31 JULY
NEWS
30 JULY
NEWS
29 JULY
NEWS
28 JULY
NEWS