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No NEFT service for 14 hours on May 23 due to technical upgrade
The popular National Electronic Funds Transfer (NEFT) system for online transfer of funds will remain unavailable for 14 hours from Saturday mid-night till Sunday afternoon due technical upgrade, the Reserve Bank of India said on Monday.
National Electronic Funds Transfer (NEFT) is a nation-wide centralised payment system owned and operated by the Reserve Bank of India (RBI).
It is available round the clock availability on all days of the year.
A technical upgrade of NEFT, targeted to enhance the performance and resilience, is scheduled after the close of business of May 22, 2021, RBI said in a statement.
Big news for bank customers as RBI issues alert for NEFT money transfer facility
Big news for bank customers as RBI issues alert for NEFT money transfer facility
The RBI notification, however, said that the Real-Time Gross Settlement (RTGS) facility will function as usual on Sunday (May 23).
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Updated: May 17, 2021, 02:11 PM IST
The Reserve Bank of India released a notification on Monday saying that National Electronic Funds Transfer (NEFT) facility will remain available for 14 hours on Sunday (May 23).
“A technical upgrade of NEFT, targeted to enhance the performance and resilience, is scheduled after the close of business of May 22, 2021, the banking regulator said in a notification. “Accordingly, NEFT service will not be available from 00:01 hrs to 14:00 hrs on Sunday, May 23, 2021, it further added.
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The Reserve Bank of India (RBI) has released a notification saying that National Electronic Funds Transfer (NEFT) facility will remain unavailable for 14 hours on 23rd May due to ‘technical upgrade’.
“A technical upgrade of NEFT, targeted to enhance the performance and resilience, is scheduled after the close of business of May 22, 2021.
Accordingly, NEFT service will not be available from 00:01 hrs to 14:00 hrs on Sunday, May 23, 2021,” RBI said in a notification.
The RBI notification added that the Real-Time Gross Settlement (RTGS) facility will function as usual during this period. It may be recalled that a similar technical upgrade for RTGS was completed by the RBI on April 18.
NEFT to remain unavailable for 14 hours on Sunday due to technical upgrade: RBI
A technical upgrade of NEFT, targeted to enhance the performance and resilience, is scheduled after the close of business of May 22, 2021, RBI said in a statement.
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MUMBAI: The popular National Electronic Funds Transfer (NEFT) system for online transfer of funds will remain unavailable for 14 hours from Saturday mid-night till Sunday afternoon due technical upgrade, the Reserve Bank of India said on Monday.
National Electronic Funds Transfer (NEFT) is a nation-wide centralised payment system owned and operated by the Reserve Bank of India (RBI).
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