Airtel Payments Bank brings 24×7 NEFT transfers

Airtel Payments Bank
Airtel Payments Bank

Following the guidelines of Reserve Bank of India, Airtel Payments Bank has enabled 24×7 NEFT funds transfers for its customers. This will be available even on holidays.

Airtel Payments Bank customers can use the banking section of the Airtel Thanks app or website of Airtel Payments Bank receive or send funds to any bank.

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Apart from NEFT, Airtel Payments Bank also offers several other transfer options including UPI, IMPS, debit card and wallet for offering easy digital payments and money transfers.

Reserve Bank of India allowed 24-hour NEFT facility on December 16, 2019. So, individuals can use this facility 365x24x7. Previously, it was available only between 8 am to 6:30 pm on banks working days. So, far only IMPS was available on all days but it has a capping of Rs two lakh. With the new change, customers can send large amounts via NEFT anytime why want.

Maximum limits of NEFT transfer differ from bank to bank but there is no minimum limit. RBI has also waived off all NEFT charges earlier with effect from January 2020.

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