NEFT transactions to be available 24x7 from 16 December
RTGS is meant for large-value instantaneous fund transfers, while NEFT is used for fund transfers of up to ₹2 lakh.The 24X7 NEFT system will be available on all days of the year, including holidays
In a bid to promote digital transactions, the RBI on Friday said round-the-clock transactions will be allowed under the National Electronic Funds Transfer (NEFT) system from December 16.
The 24X7 NEFT system will be available on all days of the yea
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