NEFT facility will not be available during this time on Sunday

The NEFT facility will not be available from 00:01 hrs to 14:00 hrs on Sunday, May 23, 2021, the Reserve Bank of India (RBI) informed on Monday via a press release. "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," the RBI press release stated. The RTGS system will continue to be operational as usual during this period.

The central bank has asked member banks to inform their customers to plan their payment operations accordingly. NEFT Members will continue to receive event update(s) through NEFT system broadcasts, it added.

Similar technical upgrade for RTGS was completed on April 18, 2021.