https://www.taxtmi.com/circulars?id=55832 Introduction of half-hourly settlements in NEFT adds eleven additional settlement batches to make 23 daily half-hourly batches while retaining the opening and closing batches; banks must update their CBS to initiate and accept transactions on the new schedule and ensure readiness. The existing return discipline of B+2 hours continues, and beneficiary banks must send N10 confirmations to originating banks, which must notify remitting customers. Technical implementation guidance and support will be provided by system service providers. The instructions are issued under the Payment and Settlement Systems Act, 2007. en-us Mon, 08 May 2017 00:00:00 +0530 Tue, 09 May 2017 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=55832 Introduction of half-hourly settlements in NEFT adds eleven additional settlement batches to make 23 daily half-hourly batches while retaining the opening and closing batches; banks must update their CBS to initiate and accept transactions on the new schedule and ensure readiness. The existing return discipline of B+2 hours continues, and beneficiary banks must send N10 confirmations to originating banks, which must notify remitting customers. Technical implementation guidance and support will be provided by system service providers. The instructions are issued under the Payment and Settlement Systems Act, 2007. Circulars RBI Mon, 08 May 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=55832