Delhi, May 17: The NEFT service will not be available from 12.01 AM to 2 AM on May 23, to enhance the performance and resilience, said a Reserve Bank of India (RBI) communique.
“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,” said the statement issued by RBI Chief General Manager Yogesh Dayal.
The RTGS system will continue to be operational as usual during this period. Similar technical upgrade for RTGS was completed on April 18, 2021, it said.
Member banks may inform their customers to plan their payment operations accordingly.
NEFT Members will continue to receive event update(s) through NEFT system broadcasts, it added.