2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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December 2020
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January 2020
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February 2020
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June 2020
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Detailed explanation-1: -RBI stated that with effect from 1 January 2020, no banks shall levy any charges from their savings account holders on online fund transfers done through NEFT (National Electronic Funds Transfer) system.
Detailed explanation-2: -There are no charges levied by RBI from banks. NEFT service can be used for a variety of transactions such as payment of credit card bills, payment of loan EMI, etc. The service is available Pan-India. No charges levied on savings bank account customers for online NEFT transactions.
Detailed explanation-3: -Presently, NEFT operates half hourly batches from 8 am to 7 pm on all days except 2nd & 4th Saturday and Sunday & holidays.
Detailed explanation-4: -17. How much time does it take for NEFT transaction to be credited? As of now, NEFT operates in half hourly batch settlements from 7 am to 7 pm on all working days.