NEFT
system settles the fund transfer at hourly intervals from 8:00 am to 7:00 pm.
It is
now decided to introduce additional settlements at half-hour intervals within
the 8:00 am to 7:00 pm window. Hence, 11 additional batches will be introduced during
the day (at 8.30 am, 9.30 am, 10.30 am ……… 5.30 pm and 6.30 pm), taking the
total number of batches to 23.
The
return discipline shall remain the same i.e., B+2 hours (Settlement batch time
plus two hours).
The
additional batches will be introduced from July 10, 2017 (Monday).
Based on RBI circular dated 8/5/2017. For any further
clarification in the matter please refer www.rbi.org.in
…………..Poppy
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