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SBI NEFT: This online service of the bank will remain closed on this day, tackle the work beforehand

New Delhi, Do not plan any major work related to the bank on 23 May. Because the Reserve Bank of India (RBI) has said that National Electronic Funds Transfer (NEFT) service will be closed for 14 hours on that day.




According to RBI tweet NEFT is being technically upgraded. This repair work will begin after the work is finished on 22 May. This service will not be available from 12.01 pm to 2 pm. The RTGS system will continue to work during this period.

RBI said that banks should provide this information to their customers in advance so that they do not face any problem and they should get their work done in advance. A similar technical upgrade took place on 18 April.

NEFT System Upgrade – Downtime from 00.01 Hrs to 14.00 Hrs. on Sunday, May 23, 2021 https://t.co/i3ioh6r7AY “rel =” nofollow

NEFT 24X7 works

Let us know that NEFT 24X7 works. However, the money is transferred at half-an-hour intervals. There is no limit to the amount. Anyone can transfer any amount of money. Banks have different limits regarding this.

What is NEFT?

National Electronic Fund Transfer (NEFT) is a payment system that facilitates fund transfer. NEFT transfers money from one bank to another bank and from one bank branch to another bank branch. Customers can transfer money there who serve NEFT.

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ informalnewz@gmail.com
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