RBI has operationalized NEFT 24×7 basis from Dec 16, 12:00 am onwards.
This ensures availability of anytime electronic funds transfer. RBI now joins an elite club of countries having payment systems which enable round the clock funds transfer and settlement of any value.
Between 12:00 am and 8:00 am this morning, NEFT settled over 11.40 lakh transactions. Making available NEFT 24×7 is part of RBI’s vision of empowering every Indian with access to a bouquet of e-payment options. @DasShaktikanta 2/2
— ReserveBankOfIndia (@RBI) December 16, 2019