NEFT
RBI allows 23 NEFT transfers: Things you should know
At present, RBI allows banks to conduct NEFT funds transfers in batches from 8 am to 7 pm.
Additional 11 batches to transfer funds via NEFT from July 10
Total number of half hourly settlement batches during the day will increase to 23.
Reserve Bank makes NEFT funds transfer faster, easier
Central bank says NEFT settlement cycle will be reduced from hourly batches to half hourly batches.
Centre limits fees for electronic banking; BSNL offers discount
As per RBI norms, NEFT transfers of up to Rs 10,000 attract Rs 2.5 fee.
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