Wed, Aug 07, 2019
Earlier there were specific time and period imposed when you could carry out NEFT transactions.
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Fri, Apr 07, 2017
RBI said, “In line with the document on Vision – 2018 for Payment and Settlement System, the NEFT settlement cycle has reduced for hourly batches to half hourly batches.”
Wed, Dec 21, 2016
RBI has also rationalised the Merchant Discount Rate (MDR) for debit card transactions up to Rs 2,000 for the 3-month period.
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