NEFT money transfer won’t be available for this date, check RBI notification

TwistArticleMay 18, 2021

N E F T Money Transfer Would Not Be Available For This Date

The National Electronic Funds Transfer (NEFT) facility will not be available for at least 14 hours on Sunday, May 23, as per the information provided by the Reserve Bank of India (RBI) on Monday.

The RBI said in a notification that the service would be disrupted from 00.01 hours to 14.00 hours on Sunday due to the NEFT system upgrade.

“A technical upgrade of NEFT, targeted to enhance the performance and resilience, is scheduled after the close of business of May 22, 2021. Accordingly, NEFT service will not be available from 00:01 hrs to 14:00 hrs on Sunday, May 23, 2021,” RBI said.

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

— ReserveBankOfIndia (@RBI) May 17, 2021

The RTGS system will continue to be operational as usual during this period. The bank also said that a similar technical upgrade for RTGS was completed on April 18, 2021.

Member banks may inform their customers to plan their payment operations accordingly. NEFT Members will continue to receive event update(s) through NEFT system broadcasts, RBI added.