https://www.taxtmi.com/news?id=22245 NEFT will operate on a continuous 24x7 basis via 48 half-hourly settlement batches daily, with the first settlement after 00:30 and the last ending at 00:00, and will be available on all days including holidays. Banks must process after-hours transactions via STP, continue the discipline of crediting beneficiaries or returning transactions within two hours of batch settlement, send positive confirmation messages (N10) for all credits, and adhere to all NEFT procedural guidelines. Banks must maintain adequate liquidity with the central bank and ensure necessary infrastructure for seamless 24x7 NEFT processing. en-us Sat, 07 Dec 2019 15:04:18 +0530 Sat, 07 Dec 2019 15:04:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22245 NEFT will operate on a continuous 24x7 basis via 48 half-hourly settlement batches daily, with the first settlement after 00:30 and the last ending at 00:00, and will be available on all days including holidays. Banks must process after-hours transactions via STP, continue the discipline of crediting beneficiaries or returning transactions within two hours of batch settlement, send positive confirmation messages (N10) for all credits, and adhere to all NEFT procedural guidelines. Banks must maintain adequate liquidity with the central bank and ensure necessary infrastructure for seamless 24x7 NEFT processing. News - Sat, 07 Dec 2019 15:04:18 +0530 https://www.taxtmi.com/news?id=22245