Settlement Timings
Currently, NEFT operates in hourly batches - there are eleven settlements from 8 am to 7 pm on week days and five settlements from 8 am to 1 pm on Saturdays.
Any transaction initiated after a designated settlement time would have to wait till the next designated settlement time
RTGS transactions are processed continuously throughout. The RTGS service window for customer's transactions is available from 9:00 hours to 16:30 hours on week days and from 9:00 hours to 13:30 hours on Saturdays for settlement at the RBI end.
No Transaction on weekly holidays and public holidays.
Read more about this topic: Indian Settlement Systems
Famous quotes containing the word settlement:
“The Puritans, to keep the remembrance of their unity one with another, and of their peaceful compact with the Indians, named their forest settlement CONCORD.”
—Ralph Waldo Emerson (1803–1882)