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NEFT Timings: Updated 2024 NEFT Transfer Timings & Holidays

Unsure About NEFT Timings and the Latest Guidelines? Find out NEFT Transactions Timings for 2024 on Working Days & Holiday. Stay Updated on New NEFT Timings.

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NEFT Timings: Updated 2024 NEFT Transfer Timings & Holidays

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  1. NEFT transfer time NEFT Transfer Timings and Holidays

  2. NEFT Timings in 2024 • Online NEFT transfer is available round the clock 24*7 and 365 days every day of the year. The transactions are done in groups every 30 minutes throughout the day. • For example, if you ask to send money at 11:02 a.m., it will likely be done by 11:30 a.m. Even if you request it at 11:25 a.m., it’ll still be done by 11:30 a.m. • NEFT transactions at bank branches can be usually done between 8 am and 7 pm from Monday to Friday and between 8 am and 6:45 pm on Saturdays, although individual bank timings differ. Remember that the 2nd and 4th Saturdays and Sundays, NEFT is not available at the bank.

  3. How Much Time Does NEFT Transfer Take? • To know the NEFT transfer time, we must first look at how the NEFT process works. First, an NEFT is initiated once the user inputs all the required information for the NEFT to be processed. Then, once the user hits submit, the NEFT request is queued up and cleared in batches every hour. • If the NEFT transaction is initiated after banking hours, the payment will be initiated using the Straight Through Process (STP) mode. The beneficiary and the sender can both track the status of an NEFT payment using the bank’s NEFT Customer Facilitation Center (CFC) and will need to provide the required details to get an update. • A standard NEFT payment will take up to two hours for the amount to be credited to the beneficiary’s account. However, in some cases, it may take more time, and it is best to check with the CFC in case of further delays.

  4. NEFT Holidays 2024 NEFT transactions are not processed on holidays declared by RBI. These days are known as NEFT holidays, and customers should be aware of them before initiating any NEFT transaction. NEFT holidays can be categorised into three types: national holidays, fеstivals, and other occasions.

  5. Thank you!

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