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Online funds transfer service between postal, bank accounts in pipeline: Govt

Minister of State for Communications Devusinh Chauhan added that 1, 52,514 post offices have already been brought under the core banking system out of 1, 58,526 post offices across India. ....

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NEFT to remain unavailable for 14 hours on Sunday due to technical upgrade: RBI

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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By PTI
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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