Is there any time limit for NEFT transfer?
The NEFT transfer timings are from 8.00 am to 6.30 pm, while for RTGS it is from 8 am to 4.30 pm.
It is important to remember that this on all days except on Sundays and the second and fourth Saturdays..
How do I cancel an incorrect Neft transfer?
If you have made the wrong transaction, immediately inform the bank. You can call the customer helpline number. You should know that if the account number you mentioned does not exist, your money will be automatically transferred to your account.
Can Neft be done anytime?
NEFT timings: The RBI has decided to make NEFT money transfer facility available not just for 24 hours a day but also on all days of the year, including holidays. … NEFT transactions done after banking hours will be automated using ‘Straight Through Processing (STP)’ modes by the banks.
What is Neft limit per day?
RTGS / NEFT – FAQMinimum / Maximum amount for RTGS / NEFT transactions under Retail Internet BankingTypeMinimumMaximumRTGSRs. 2 LakhsRs. 10 LakhsNEFTNo MinimumRs. 10 Lakhs
What if Neft is not credited?
Ans: If the NEFT transaction is not credited or returned within two hours after batch settlement, then the bank is liable to pay penal interest to the affected customer at the current RBI LAF Repo Rate plus two percent for the period of delay / till the date of credit or refund, as the case may be, is afforded to the …