December 19, 2014

Do you know NEFT and RTGS money transfer new timings?

Whoever has Internet Banking facility may have come across NEFT or RTGS money transfer facility. However, do you know the timings of these facilities? Few times your money transferred instantly and few times, it will be delayed. It is all because of schedule timings of NEFT and RTGS. Also, RBI changed the RTGS timings effective from 29th December, 2014. So let us get clarity on that.

Note-NEFT and RTGS timings now changed. I updated the same in my new post. Please refer the same at “New NEFT Timings Effective from 10th July 2017“.

Before proceeding further, let us know what is NEFT and RTGS.

NEFT-National Electronic Funds Transfer

It is a nationwide payment system facilitating one-to-one fund transfers. Using this scheme, you can transfer funds from any bank branch to any individual having an account with any other bank within India.

Let us take an example. Mr.X has a bank account with HDFC and he wants to transfer the money to Mr.Y, whose account is with ICICI. Therefore, by using NEFT facility Mr.X can transfer money to Mr. Y’s bank account.

RTGS-Real Time Gross Settlement

In NEFT, money transfer requests are clubbed together called batches. Such batches are settled based on Deferred Net Settlement (DNS) on hourly base during NEFT timings. Whereas in RTGS it is real time. It means money transferred individually instead of batches instantly. Therefore, compare to RTGS system is faster than the NEFT.

Let us take an example. Mr.X has a bank account with HDFC and he wants to transfer the money to Mr.Y, whose account is with ICICI. Therefore, by using RTGS facility Mr.X can transfer money to Mr. Y’s bank account instantly. In this transaction, HDFC transfers the initiated transfer amount to ICICI bank instantly. However, ICICI bank has a maximum 30 minutes time to deposit into Mr. Y’s account. Hence, depending on the beneficiary bank’s procedure within two hours Mr.Y get the amount in his account.

Difference between NEFT and RTGS

  • NEFT settlement will be in terms of batches and settled on hourly base, but RTGS is real time settlement.
  • There is a timing difference between two (Detailed list is available below).
  • There is no minimum or maximum limit for NEFT. Whereas for RTGS, minimum amount set is Rs.2, 00, 000.
  • Charges differ and these details will be available in the below sheet.

Charges of NEFT and RTGS

NEFT and RTGS Charges

NEFT and RTGS money transfer timings (Effective from 29th December, 2014)

Now let us come to the main purpose of this post. On 15th December, 2014, RBI changed the RTGS timings and these new timings will be effective from 29th December, 2014. Below are new schedules.

NEFT and RTGS money transfer timings

Note-Any fund transferred after the scheduled closure timings will be settled on the next day. In addition, you can not transfer on NEFT and RTGS holiday (which will be declared by RBI every year).

Do you know that you can set time schedule for future RTGS transfer too?

You can set schedule payment for your future payment too. However, you can do so only 3 days (working days) prior to the actual schedule. You can set such schedule for your future payments like tax, loan, VAT or any other future fixed payments.

353 Comments

  1. Hi I applied for a loan ,i got a message from bank that loan amount is credited to your saving account at 11.00pm.But till now money is not credited..so when should money will Credited

    Reply
    • Dear Venkat,
      As per the new timings, by now it must be. Otherwise, approach the bank immediately.

      Reply
    • HI SIR,

      KINDLY CLEAR MY ISSUE

      MY PF ACCOUNT NEFT DONE 2017 ITSELF,BUT STILL NOW I DIDNOT GOT MY PF MONEY
      WHAT IS THE PROBLEM

      Reply
  2. Bank has submitted the neft form today at 3:30 pm , when will the amount be credited in the A/C??

    Reply
  3. someone has added 30k through neft on friday from idfc at 6:13 pm and still not credited to my account and next day is 4th sat and sunday can u pls tell me hw mch time will it tke to get reflctd in canara bank

    Reply
    • Dear Kirti,
      The money will be credited to the account on the immediate next working day.

      Reply
  4. Dear Mr. Basavaraj,

    It is so nice to see your blog helping people aligned with the rules that we have in our country. I have similar situation where my ICICI Prudential Policy got matured on 28th July 2019 but still I am waiting to get the credit of the amount. Upon query to the the ICICI Prudential, I got to know that it will be credited max by 3 days. Knowing that RBI have set it differently, I asked the Call Center executive to provide the same on written mail. As per the calculation if it is credited after 3 days, we are loosing the interest on our money for 2 days. If RBI is committing for 24 hours, why these bankers / call center executive commit something which is no where documented or highlighted. Do you think it would be wise to bring them under the serious financial surveillance and safeguard poor public interest. Appreciate your response.

    Thank you,

    Guru Prasad Rath

    Reply
    • Dear Guru,
      Whatever I have shared above is as per RBI guidelines. I am not sure what they are claiming.

      Reply
  5. Hello sir,
    Yesterday bank deposit the money at 3:00pm through NEFT but till now i did not get money so can you tell me where is problem?

    Reply
      • They told me that its confirmed from our side

        Reply
  6. dear sir,

    i make payment through rtgs at 7.30. bt its is not debited from my account !

    Reply
    • Dear Karishma,
      If it is non working day, then it will be credited on the immediate next working day.

      Reply
  7. Sir I did NEFT on Sunday morning online. But Monday passed still I money not credit in beneficiary account

    Reply
      • hello sir
        trying to transfer amount through neft since yesterday night, but showing unable to proceed now, please try latter

        Reply
  8. My costumer make rtgs on 21st Dec at 2.44pm till today I don’t received what is the problem can you tell me please

    Reply
    • Dear Zaffer,
      You will receive it on immediate next working day. If you still not receive it, then let your customer approach his bank.

      Reply
  9. My mother deposited four lakhs yesterday morning from her account Andra bank Chennai to my account Canara bank karaikal through NEFT. But not yet credited. No SMS from Andra bank in her mobile number whether debited or transaction declined. Today is second Saturday tomorrow is Sunday. What to do?

    Reply
  10. Hello Sir, I have made a RTGS of 1,00,000.00 through Branch at 3:30 from PNB to SBI but still amount dint get credited to receipent account can you please help me.
    thank you

    Reply
  11. if i am trying to do transfer money from pnb to hdfc at 11:30 pm from mobile banking it’s done or not?

    Reply
  12. Hello Sir,

    I have done NEFT today at 9 AM of amount 282000 from my Kotak to OBC bank account, till 6.45 PM as I am writing this I have not got it in my account , the bank is saying that wait for 24 Hours as sometimes it takes upto 24 hours to get it credited. Is it right ?

    Reply
    • Dear Ravi,
      Check today and if you not get it, then contact the bank.

      Reply
  13. Hello sir,

    EPFO has settled claim on 5th oct 2018 but till now its not credited to my account whereas from my epfo account its already deducted.
    Kindly suggest when i can get money. Or how i can track it

    Reply
  14. Can we track UTR number online

    Reply
  15. Sir,
    Mere dost k account m 18 m rtgs hua h but wo bol rha h k abhi tak amount transfer nhi hua.
    Plzz help m

    Reply
  16. Sir, my coaching institute manager transferred money to my SBI account on 4th Saturday night,22nd September,2018 and till now I don’t get the amount credited to my account.Sir, when I will get the amount.

    Reply
    • Dear Chandana,
      Let him contact his bank for the same and also let me check your bank details entered correctly or not.

      Reply
  17. My friend transferred some money thru NEFT today at 6.55pm.When it will be credited in my account?
    Regards Rajiv Sinha

    Reply
    • Dear Rajiv,
      It will be transferred on the immediate next working day.

      Reply
  18. I did NEFT from IDBI to ICICI today morning 6AM as it was a rush need. However it is not transferred yet. It is way too urgent. It is deducted from IDBI but not credited to ICICI. I am afraid as the banks are on strike and i am not sure if it will get transferred or not?

    can some one please help?

    Thanks
    Jaya

    Reply
    • Dear Jaya,
      Please check now and I hope it is credited by this time. The strike is for public sector banks but not for private sector banks.

      Reply
  19. Dear Sir,
    If my company release my salary by today after 6/7 pm then when I will get my money in my account?

    Reply
  20. Dear sir,
    My Friend transfer NEFT Rs. 08lacs to my HDFC account on 18/04/2018 but till date I have not received money in my bank bank says some times NEFT clear within 72 hours is it true?

    Reply
    • Hemang-There may be some issues which your bank not revealing. It will not take that much time.

      Reply
  21. Hi
    My company credited my salary for the first time from hdfc bank to my cbi account on Saturday at 4.30. They told it will happen within 4 hrs but still dint get as i have a doubt whether it will take monday or by next working day

    Reply
    • Lakshmi-If the money not credited by NOW, raise an issue with your employer.

      Reply
      • Yes still it is not credited and bank says some server issues from morning.. Can i try with other branch and check (will they answer about this) still i am checking in my account but i dint get my money..

        Reply
  22. I transferd money from my HDFC account through NEFT to SBI acxount on 6th April at 1 pm.. Till what time money will be in SBI account ?
    Still now I didn’t get message also.
    Can you please some one confirm

    Reply
  23. Sir …i did my rtgs from HDFC bank to RRB at 12.38 pm but time is now 5.45 pm and i could not get my cash in account while all the fillings is ok like Account number Benefishri name and Bank ifsc code is o.k…….what is cause behind it.

    Reply
  24. EPF office Payment sent on- 03-APR-18 via NEFT to my HDFC Bank account but till date I had not received my amount. How much time it will take..

    Reply
    • Naveen-I think by now it is. If not, then contact the EPFO immediately.

      Reply
  25. I have selected the option to transfer via scheduled payment of every month 2nd from Bank A to Bank B. Amount got debited from Bank A today morning(i.e, April 2nd). But it didn’t get credit in Bank B account till now. Please let me know when Can I expect the amount.
    Thanks in advance!

    Reply
  26. If i transfer fund through RTGS via online to other banker on 31-03-2018 @ 15:00 hrs,
    when it will be credited to beneficiary account.

    Reply
  27. What’s the difference between rtgs and neft?? And is it possible that I can transfer amount from an individual savings account to another individual savings account through both neft and rtgs??

    Reply
    • Black- Limit of amount to be transferred is the difference. Yes using NEFT or RTGS, you can transfer so.

      Reply
  28. Hi Basvaraj
    I have transferred money via next after 7 pm when I can expect it to be credited to beneficiary

    Reply
  29. Sir

    Actually, my friend transfer the money on Saturday after 5pm through NEFT, than plz tell me when i will get the payment. The main reason is after Saturday, Sunday is off and Monday also a public holiday of chetichand. I am confused.

    Reply
    • Manasvi-It will be credited on the immediate next working day.

      Reply
  30. Hi sir ,
    If I transfer money from my ICICI account through NEFT to SBI account on Monday morning 8.30 a.m.. Till what time money will be in SBI account ?

    Reply
    • Rahul-If it is working day, then at 9 AM the amount will be credited to the beneficiary account.

      Reply
      • Tqsm basvaraj

        Reply
  31. Dear sie
    I have applied for pf online and pf send money through next on 20th feb2018. But still amount not credited to my account

    Reply
  32. Dear Sir,
    I transferered money on 9th feb 2018 after 9pm via NEFT from YES bank to Axis bank. When will this money reflect in Axis bank

    Reply
  33. Sir, I did NEFT on 9th feb 2018 at 6 AM through Axis bank App. To sbi bank.. How much time it will take to credit?

    Reply
  34. Sir mene neft kiya 50 k ka wo dusre ke a/c me credit bhi hua but ab unke a/c se reverse ho gya or mere a/c me bhi nhi aaya

    Reply
  35. Sir IDBI bank to other bank beneficiary adding timing and the first day limit.

    Reply
  36. Hi Sir
    After reading alll of your above chats and checking the new NEFT timings i am a little concerned. I made an NEFT transfer from my HDFC bank account to the beneficiaries SBI bank account on 1st Nov at 6:45 pm. I recieved a message saying the amount has been debited from my account which is generally the case when you make the transaction after work hours. So i was pretty sure the beneficiary wod recieve the amount the next day as i have transferred money to her account several times…however she still hasnt recieved the money and nor have i still not recieved any message on the amount being credited to her acc. I tried contact ing my bank. They keep saying “it shud happen today\ tomorrow”
    What should I do?I’m

    Reply
    • Dipika-By this time I think the amount might be credited. If no, then let the beneficiary contact her bank with the reference number (provide that from your end).

      Reply
  37. Sir , I made an NEFT transfer from my PNB account at 10.30 AM on 31.10.2017 to my Canara Bank account. However, at the time of writing this i.e. as at 9:25 PM on 31.10.2017, the amount has not been credited into my Canara Bank account. I called PNB customer care and they told me to wait for 24 hours . I called Canara Bank Customer Care and they told me to wait till 10 AM on 01.11.2017 after which they suggested me to take up the issue with the concerned PNB branch. What do you suggest, Sir? Can NEFT transaction take a day’s time? guidance from you shall be highly helpful.

    Reply
      • Yes, Sir. The amount has been credited to the concerned account. Thanks for concern and help, Sir. Regards

        Reply
  38. I send NEFT from Union bank to Indian bank about 5 oct about 4 0 clock sum of 7.5k my bank debit the amount but indian bank account not credited yet. were is my amount now what is the status.

    Reply
    • Mohammed-Whether you checked the bank details before transferring? If everything is fine, then check with your bank.

      Reply
  39. dear sir ,after how long I can send money by my account to other bank account by HDFC net banking after adding the beneficiary , coz its take so long to send I mean 24 / 48 hour…

    Reply
    • Mohammad-In HDFC Bank, you can send the money after 30 minutes of adding a beneficiary.

      Reply
  40. sir yesterday i transferred to some amount from sbi to syndicate,already 1 day is completed but still i didnt credited that amount in my sydicate bank.I transferred through NEFT.

    Reply
    • Sravankumar-It will be transferred on the immediate next working day of Bank (Monday).

      Reply
  41. Hello sir my friend has transferred 55k on Sep 2nd 2017 at 2 o clock in the afternoon through NEFT as it is bank holiday on that day ! His amount has been debited ! When will it come to my account

    Reply
    • Darshan-I think by this time it is credited to your account.

      Reply
  42. SIR I WANT TO KNOW HOW MUCH MONEY WILL BE DEDUCT FOR TRANSFERING MONEY RS 50000 FROM HDFC TO SBI BANK .

    Reply
  43. If i transferred Money on sunday by NEFT? will it be Credited to that account? actually i transfer money from SBI to ICICI on Sunday through NEFT. It is deducted from my Account, But not Credited to ICICI account?
    What shouls i do Now?

    Reply
    • Swati-I think by this time the money might be credited. Check and if it is not, then approach the bank immediately.

      Reply
  44. sir mene aaj 2pm ko mere sbi bank s dusre. sbi ac.m 1500 instant trf kia lkin abhi tak mere ac.s money cut hogya lkin abhi tak samne wale k account m 1500 nahi aya h plz help ………

    Reply
      • Sir I think yeah transaction neft s hua h isloe itma time lag RHA h neft m kab tak aata h pymt sir… bcz I have urgmt trf money

        Reply
        • Yogesh-If it is working day, then now the NEFT clears the payments for every 30 minutes. That is why I told to contact bank immediately.

          Reply
  45. Hi I transferred 3k from HDFC NEFT transfer to SBI at 6:45 AM 4thSaturday . Got debited from my account but not credited to SBI account.. when can I expect the transfer?

    Reply
  46. how much charge beneficiary bank when i transfer mony 50000rs

    Reply
  47. sir as I previously asked u I ttransfered amt from vijayabank to sbi acc on 31-3-2017 through neft.enquired bank on 5-4-2917 we got letter from vijayabank main branch that money is transferred rbi report also.but money is not sent to sbi.

    Reply
    • Swati-Check with SBI and also check whether the account details provided are correct or not.

      Reply
      • every thing is correct .if at all wrong means it would come back to my acc .

        Reply
  48. Hi sir
    Itransferred 22 lacks from Vijaya bank to Sbi through NEFT on 31-3-2017 at 5:45 pm.at what time it will go to sbi

    Reply
    • Swathi-By this time it must be transferred. If it is not yet, then better to contact the branch immediately.

      Reply
  49. SOME ONE TRANSFERED AMOUNT FROM HIS SBI AMOUNT BASED IN RANCHI TO MY BANK OF BARODA ACCOUNT BASED IN MUMBAI VIA NEFT ON 22 MARCH. HE GOT DEBITING MSG FROM HIS BANK ON HIS MOBILE 4:4pm on 22 mMarchcan you tell me when iI will get transfer in my account ?

    Reply
  50. Hi
    My question is my company transfer my salary through NEFT on last Friday i.e on 10th March so can you tell me when I will get my salary credit to my account by Tuesday ?

    Reply
    • can someone withdraw a check after 5pm..

      Reply
  51. Hello,
    while applying for an exam application, it was mentioned that the payment can be through NEFT/RTGS. so this morning at 10 am i hav added the beneficiary and approved , its is 5pm now the baneficiary is not yet approved by sbh. today is the last date to pay the fee. so i have choosen the quick tranfer option in sbh and paid the fee at 5.10 pm. now please clarify these doubts.
    1. by what time the fee might get deposited into the beneficiary account
    2. since i have choosen the NEFT option while paying through quick transfer , does it comes under NEFT ? when i took the print out of the final payment it was mentioned as QKT – quick transfer not neft .
    kindly answer, thanks in advance.

    Reply
    • Pinke-Quick option means?
      1) I am not sure which option you selected.
      2) NEFT quick transfer? Hearing first time. Cross check with your bank.

      Reply
      • Thanks for replying,
        could you kindly refer this below link for the procudure i followed, sbi introduced an option to transfer the funds to other accounts ( up to 5k-10k ) with out adding / waiting for the manage beneficiary, i have choosen that option.

        I never faced this problem ever before, i hav added the beneficiary at 10 am but my beneficiary was approved yesterday at 7pm, where i cannot pay the fee through regular neft transfer at that time.
        since its an exam fee, iam a bit worried . plz tell me by what time it might have transferred , and does it comes under NEFT, after paying i have got an UTR no, and status as processed , INB no. and the amount got deducted.
        thank you

        Reply
  52. Hi Sir,

    My friend transfer Rs. 20000/- amount from PMC Bank to my Citi Bank. She fill the form and attached cheque with form yesterday 5th March 2017 at 1:00 pm.

    At what time i received money in my Bank Account?
    please suggest.

    Reply
  53. Sir my friend has transferred 25 k in my pnb account on Saturday 4/3/2017 at around 3.50 PM..can you please tell me when it will get credited into my account

    Reply
    • It will be credited in your account by Monday 6th March’2017, by 11.00 am

      Reply
  54. Hi ,

    I just transver the amount to my frnd on 01/02/2017 sbi to andhra bank, through NEFT @2:30 pm noon but it’s not credited to my frnd account tell now,But in my SBI account it is debited .

    Reply
    • sorry it’s 01/03/2017 date

      Reply
    • Laxman-It must credit to beneficiary. Check with bank or cross check the account details of your friend to whom you transferred.

      Reply
    • Laxman – Same bank transfer can be as quickly as 1 day. so if you are transferring from your account with SBI to your friends account with SBI its usually done in 1 day.

      But if you are transferring from 1 bank to a different bank via NEFT usually it takes 2 business days. So SBI to say ICICI, HDFC, BOI etc might take 2 days.

      Reply
  55. PF settlement has done through NEFT on 05/12/2016 but the next day I received message that PF has been rejected and re-applied for it. But now the PF office says the settlement has done on 12th May. But the amount was never credited to my account. What would be the reason and how this can be fixed? Please advise!

    Reply
      • Hi Basava,

        Thank you for your immediate response!

        I have received amount for form 10 but the issue with other part payment. So there could not be any issues with the registered account with EPFO.

        Also, I received Form 10 payment after this issue.

        Regards,
        Deepak

        Reply
        • Deepak-Then it is case with EPFO. Raise the issue with EPFO Grievance Cell Online.

          Reply
  56. I activated beneficiary account with NEFT.today morning…but mistakenly transferred through RTGS, the amount is Rs.25000/-
    (Minimum 2 lakhs only can be transfer through RTGS) but amount didn’t credited to beneficiary today.But amount debited my account.what can i do for this …please help me friends

    Reply
    • Sivakumar-How the bank system allowed to transfer Rs.25,000 when the limit for RTGS is minimum of Rs.2 lakh? Check with the bank.

      Reply
  57. Hi sir,

    I am in BoB bank.
    Whether is there any amount limit for the first fund transfer after registering a beneficiary?
    Some people say that after registering a new beneficiary, you can send only upto Rs.50,000 for the first time. Then after 4 days of registration you can send amount without any restrictions.

    Reply
    • Ajay-Yes, usually banks restrict like this. Check with your bank for the same.

      Reply
  58. My friend sent me 5k Rs at 6pm on wednesday by NEFT. I have yet not received it. Please help

    Reply
    • Olivia-It must be credited on immediate next working day. If as of now NO, then better to contact the bank.

      Reply
  59. Sir,
    Today i have transfered from my SBi acoount to my SBh account 5k money. But it will shown in SBI amount was debited. But in SBH account the amount was not credited. what is the reason. please tell me sir.

    Reply
  60. I have done neft of rs 30000 to hdfc account from my sbi account around 7.30 pm bal debit from my account but not credited to my hdfc account what i can do

    Reply
    • Yogender-Refer above post properly for better understanding.

      Reply
  61. Sir i am Pulkit. My friend has been transfered money from net banking of Axis bank to PNB at Friday 9:00PM but that will not credited. give me suggestion for that

    Reply
  62. Hiii sir,
    My client has transfered the sum of inr7lac from his sbi account in my current account in axis bank.through rtgs yesterday . But the bank people said him it will take max 24hrs. They have processed yesterday. And today is 2nd Saturday. Is the amount will be deposited today in my account.

    Thanks

    Reply
    • Silvester-It will be credited to your account on immediate next working day.

      Reply
  63. My frnd transfer amount to my account today but I received only message but didn’t credit into my account, sir pls give suggestions what happened to my amount

    Reply
      • Sir today in our state there is holiday so is there any possibility for the delay,sir what is the Tim duration between the receiving of SMS and actual amount credited to acount

        Reply
        • Sudhahar-I am not sure, if banks have holiday then it will be credited on immediate next working day.

          Reply
  64. Dear sir,my friend has transfered rs.6k as emergency from his Hdfc account to my SBI account through net banking NEFT at around 12pm today.but it has not credited till but debited in his account.please suggest

    Reply
  65. Basavraj sir,

    I had trying for money transfer through NEFT ,but since today is bank holiday it is showing a message that your amount will be transferred in next working day.
    but i didn’t got attention towards message and by mistakenly i have tried to transfer money from 4 to 5 times.

    now i have question that money will transfer in beneficiary account only once or 4 to 5 times.

    please reply sir

    Reply
    • Amit-If transactions completed 4-5 times, then the money will be transferred 4-5 times.

      Reply
      • Dear Basavaraj sir,

        What should i do now ? is their is any way to cancel this

        from available balance 2 times money can be transferred.

        Reply
        • Amit-Request the beneficiary to refund back. That is the only option.

          Reply
          • As from my available balance only two times money can transferred.

            will it be again transferred if i make balance available in my account at future ?

            Reply
            • Amit-Then only two times of your money will be transferred and rest of transactions are reported as FAILED.

              Reply
              • Thanks Basavaraj Sir for the information,

                Reply
  66. NEFT/RTGS transaction done on 4th saturday (26-11-16) from other bank to ICICI but amount not credited in my account. When it will be credited?

    Reply
    • Loghanathan-As the day you transferred is holiday, the money will be transferred on immediate next working day.

      Reply
  67. What if I’ve transferred the money on Sunday through NEFT. Will it be transferred on the same day or on the next day (Monday) ?

    Reply
    • Gowtham-Sunday is holiday so it will be credited to beneficiary on immediate next working day.

      Reply
  68. yesterday neft transaction possible?

    Reply
    • Pradip-Yesterday was normal working so NEFT was very much possible.

      Reply
  69. Will it possible to do NEFT transaction on deepavali(saturday). If so when will b e amount credited in the beneficiary account?

    Reply
    • Revin-You can do. But the amount will be credited to beneficiary account on Wednesday.

      Reply
      • why is this taking such a huge gap for the transfer?

        Reply
        • Revin-Bank holidays from Today (Saturday to till Monday). In Karnataka one more holiday on Tuesday. Hence, I said that it will be credited on Wednesday. If there is no holiday on Tuesday, then the beneficiary will get it on Tuesday itself.

          Reply
          • thank you

            Reply
  70. Hi.
    My fnd has transferred money on Sunday morning from sbh to andra bank through NEFT.

    When it will be credit to my andra bank account??

    Reply
  71. Hi Basavaraj,

    I did NEFT Transfer on Thursday Oct 20. The beneficiary hasn’t received the amount and it’s Friday Oct 21 10pm. The amount has been debited from my account and I also got a text later saying that it has been credited to Beneficiary’s account, but she hasn’t received it. Is it possible that NEFT can take more than 24 hours in some cases? If so, why did I get a text saying it has been credited in her account. What should I do? Now, its 4th Saturday so bank will be closed tomorrow. Please, help.

    Reply
    • Yash-If you received the message, then the amount MUST be credited. Check the account details of beneficiary.

      Reply
  72. Hi my has transferred money today at evening 5 pm from Sri to icici. But it’s more than 2 hrs not received. What should they do.

    Reply
    • Sbi to icici neft

      Reply
    • Deepthi-I think it will get credited to immediate next working day.

      Reply
    • Deepthi
      Neft should be clear within 0-48 Hours and RTGS up to 1 Hour

      Reply
      • Sandip-It is not true, the clearance will be based on the batch.

        Reply
        • which batch wherether posted batch ………..

          Reply
          • Sandip-It is based on the timing which I explained in above chart.

            Reply
  73. Hdfc had disbursed the loan on saturday evening by 8 pm…when should it get credited in citibank account

    Reply
  74. Sir iamIMMAN. My friend has been transfered money from net banking (NEFT) of ICICI bank toIOB at 3.45pm, but as of now i didnt receive the money..give me suggestion for that

    Reply
  75. Hi Basavaraj,
    I have transferred 50k from hdfc to icici bank at 12:40Am IST through Neft but didn’t receive the payment yet. It’s more than an hour, please let me know when it will credit to my bank account.

    Thanks
    Ali

    Reply
    • Mudasir-It is nonbanking hours when you transferred. Wait for a morning of a working day.

      Reply
      • Thanks man received this morning in the first Hour.

        Reply
  76. I transferred amount at 3:30PM today and as of now the other person has not received the money. Money has been debited from my account. When should the person get the money ?

    Reply
    • Banks involved are
      Sender – BOI
      Receiver -SBI

      Reply
    • Abhishek-It might have credited by evening. Check with bank for the same.

      Reply
      • Sir iam ramakrishna. My friend has been transfered money from net banking of axis bank to SBI at 12.15 but that will not credited still 1 o clk..give me suggestion for that

        Reply
  77. Dear sir, today I have added one beneficiary account (IDBI) in my SBI account. Today itself I had transferred (NEFT) Rs. 1 Lakh and the transfer is successful.

    Can you tell me whether I can transfer another Rs. 96 Thousand to that account tomorrow? Means within 1 day span can I send near about 2Lakhs (1 lakh + 96 thosand) via NEFT ? Is there any restriction on this like “for 2-3 days you cant transfer money to that account” or something like that?

    Thank you.

    Reply
    • Subha-Yes, you can send but it depends on the restriction limit of your bank account. Hence, check with IDBI.

      Reply
  78. Dear Sir, I had transferred amount from Hdfc to Icici bank on sunday evening, at what time it will reflect in icici bank account? Transaction was successfully done, so plz suggest me.

    Reply
  79. I have made a credit card bill payment today, im not sure which transaction type it is but i remember that it is NEFT and the transaction has failed, amount has been debited from m account:(.

    So my question is, the NEFT transaction made on holiday that wont be credited back to our account? please let me your comment on this.

    Reply
    • Bhavya-If transaction is failed then it is reversed within a day or two. You no need to worry.

      Reply
  80. RTGS maha khatm hai not transfee balence

    Reply
    • Kundan-If the error is from your side, then don’t blame that the whole system is bad. RTGS is the fine feature of money transfer.

      Reply
  81. Dear Sir ..
    i am give rtgs Ammount a company .bt that company is not done my work ,i want my widrwal my rtgs ammount so plz guide

    Reply
    • Afroz-I am not sure of what prompted you to give the company. Hence, it is better you contact that company.

      Reply
  82. My friend today he has credited but not yet payment revived via neft today is government holiday it’s problem

    Reply
      • So today I didn’t get my payment

        Reply
          • ONLINE NEFT ARE DONE EVEN NON WORKING HOURS. hOW CAN IT HAPPEN? ( I MEAN FROM NET BANKING)

            Reply
            • Anirudh-NEFT can be done at any point of time. But credit will be as per the cycle explained above.

              Reply
  83. I am transfer amount via online from axis to Sbi today 2pm neft . And credited from my Ac but not settled till time please tell me which time it is settled. And what next I do

    Reply
    • Shyam-It must be credited by this time. If not, then check with bank.

      Reply
  84. Dear sir,
    I had done neft on 13 aug 2016 .It was a bank holiday.till date ,the payment is not settled,though it is verified.
    I got the UTR no.checked.
    When will it be credited.where the money has gone.

    Reply
    • Ranjan-It is too late. Check with bank officials for the same.

      Reply
  85. Hello sir,

    I transferred (tried to) 3.9 lakhs through RTGS from SBI Visakhapatnam(remitter) to Deutsche Bank Delhi branch on 23 rd August after 4pm (approximately) through SBI bank via Cheque . Its already 25th 1am but neither i got my funds reversed nor credited to the beneficiary account. When will they be credited and what steps i have to take. For your information both are my accounts.

    Reply
    • Prabhu-How you can use RTGS platform to transfer money USING CHEQUE?

      Reply
      • In bank (not online transaction), if we want to do the transaction we have to give a cheque mentioning “pay yourself for RTGS” adjacent to payee

        Reply
  86. DCB debit card swaped in HDFC pos swap machine but not accepted ,machine notified transaction declined ….why

    Reply
  87. I have transfered an amt of 41000 at 3pm on 3rd saturday through from icici to pnb how much time it will take to clear

    Reply
  88. I credited 50,000 from canara bank to sbi on saturday evening and today (monday) is holiday so when it wll transfer to sbi account.

    Reply
  89. Sir I was transfered from my sbh to sbi bank on Sunday and tomorrow is independence day I want to when will amount transfer to my account

    Reply
  90. My brother. Wad transferd 5000 rupees to my SBH accounts on Friday (12/08/2015) 8 pm…. tiday second saturday tomorrow sunday …day after timorrow independance day when the amount credited in my account.

    Reply
  91. NEFT done sucessfully yesterday by 9PM from IDBI to SBI. Fund deducted from IDBI Bank a/c. but still not transfer to my SBI bank a/c. what to do now? please guide me?

    Reply
  92. Hi sir,
    I’m 22 and planning on studying CFP. As GST is rolling out soon, is there a point in enrolling for CFP this year or should I wait unit l GST is out.

    Reply
      • Tax being one of its subject..is there a point in studying VAT, CST, Excise and all the other taxes when they all will be clubbed?

        Reply
        • Jiggy-Do you think once you complete CFP then NOTHING will change on this earth? You have to update regularly. Also, FPSB India will update about what portion they are covering for exams. So don’t worry and go ahead.

          Reply
          • Thanks for your advice. Does US CFP hold value in India?

            Reply
  93. Sir,
    I made a transaction from ICICI bank to BOB on Saturday around 2 pm . i know that the amount will be credited in BOB on the next working day i.e on monday (01/08/16) . but now its 5 pm of Monday till now i didn’t get my money in BOB account. Is this a technical issue or my money is credited in another accont.
    if yes than please share yours views regarding my problem. What next i do ?

    Reply
      • Sir
        My frnd have sent amount of Rs 1000 through NEFT after 8Pm on 2/8/2016 (sbi to bob )but today 3/8/2016 at 2pm i will not recieve money .when will i recived that amount.please know me maximum time for neft trasection.reply fast

        Reply
  94. I added beneficiary on 26-july at 18:00 HRS. and tried to transfer 1,25,000/- on next day . but its not allowing me to do so.
    I was able to transfer only 50,000/- what should I do ?

    Reply
    • Suman-I am not sure about your banker’s rules. Check with bank.

      Reply
    • MODIFY YOUR BENEFICIARY & TRANSFER LIMIT.

      Reply
  95. hi

    i did imps 1st time money credited from my account but i do not know that if client has recd or no and client account is in remote village

    Reply
      • what do you mean by assume this ????????????

        Reply
  96. My friend transferred funds from Axis to HDFC yesterday. From Axis bank at 4.30 pm amount was debited but the amount still has not been credited to hdfc account. Please comment your answer.

    Reply
  97. My uncle transferred a amount of 12000rs from his indian bank account to my karur vysya bank account on last saturday(16.7.16)at 12.20pm but i didn’t receive the amount, when will i get the amount? What is the neft transaction timing for indian bank.?

    Reply
    • Dinesh-Wait for tomorrow. If not credited, then raise the issue with bank.

      Reply
  98. I have sent amount of Rs 2000 through NEFT after 8Pm today (sbm to sbi )but tomorrow and next day of tomorrow are holiday .when will my friend recived that amount

    Reply
      • i have send amount rs 10000 through neft tomorrow 10 am (sbi) when will my friend recived that amount

        Reply
        • Nisha-If tomorrow is considered as non-working day (due to strike), then it will be on immediate next working day.

          Reply
    • My question is 1. why timings 2. Why can’t we transfer money on holidays and Sundays from other bank to other bank. when the same can be transfer immediately in the same bank to other account from our account? (Even on Holidays) what happens after 8 pm or so?

      This question is to banks. But I am marking it in reply of gentle man. If you know the reason please let me know. my email: [email protected]

      Reply
      • Anil-NEFT and RTGS are transferred in batch wise. it is not IMPS.

        Reply
  99. Hi Basu I have initiated NEFT transaction from my hdfc bank account to pay credit card bill for SBI and St Charted which I do every month. I have initiated transaction on 8 July evening. Today in both SBI and St Charted amount is not credited though its debited from my account. Please let me know by when it will be deposited to beneficiary account.

    Reply
    • Prashant-It must credit by last Monday itself. Better to check with bank officials.

      Reply
  100. I transferred an amount from sbbj to bob on Saturday 09-07-2016 at 04:00pm that was a holiday. I know it would be credit to beneficiary on Monday 11-07-2016. But it has not been debited from account. Now i’m not sure that was my transfer actually happend or not.

    Reply
  101. Sir i have made an NEFT transfer by 6:00 pm today(friday) from canara to SBI bank, tomorrow is second saturday, when will the amount get credited to SBI acount

    Reply
  102. i want to transfer neft today can it will transfer today or it will transfer on monday…and can i transfer money through imps by sbi bank today….to other bank

    Reply
    • Gaurav-If holiday is there then the transfer will be on next immediate working day. IMPS can be at any time.

      Reply
  103. money transfer from SBI account to Obc today (15-6-2016)10.46 am
    when it will be credited to the account?

    Reply
    • Sorry not 15 it is 16 june 2016

      Reply
      • Thanks for your quick response
        Bt my friend still havent got any message on her registered phone number so what should she or i do ??

        Reply
        • Riya-First check whether the account number and bank details you provided are correct or not.

          Reply
          • Yeah i have checked every detail is correct 🙁

            Reply
  104. Hi, I have transferred money from HDFC online through NEFT to SBI bank account at 7:30 PM yesterday and amount got debited immediately from HDFC yesterday. Today money supposed to be credited to sbi account. But I did not get money yet and today is second saturday.

    So please can you please let me know when it will be credited to sbi account

    Reply
  105. money transfer from SBI account to IDBI made on Saturday (4-6-2016), 3.30 pm.
    when it will be credited to the account?

    Reply
    • Rajkumar-I think it might have credited to the account by this time. Check it.

      Reply
    • It will never be credited…

      Reply
  106. hi,

    i transfer amount from hdfc to my friend sbi account throug neft my friend didn’t get the amount.

    Reply
    • Raju-If after one working day also your friend not get, then check with bank.

      Reply
  107. dear sir,

    i am transfer the money from SBH to HDFC by RTGS but HDFC account number was wrong that means unfortunately my friend was sending the atm serial number instead of account number and also name was correct ifsc code correct but in my SBH account money was deducted then what i don pls suggest sir

    Reply
    • Raju-Try your luck with the co-operation of bank and the guy who received the money.

      Reply
  108. This is to inform you that i have a account in bank of baroda.
    I made a NEFT transfer through net banking to another HDFC account, amount has been debited from my account but not credited in beneficiary account.

    Now it is more than 24 hours takes.
    what i do please let me know…
    I would like to hear you on urgent basis.

    Reply
    • Chandan-In this case check whether the account details of your friend is correct or not. If it is correct, then contact the BOB. Also, don’t share your account information on such public platform. It is dangerous. Hence, I removed the personal details.

      Reply
  109. Sir my relative send me some amount through NEFT by HDFC Bank to my SBI account on 12.05.16 but still it is not credited in my account. Now, when I enquired found by mistake they have forget to write my surname i.e. SANJAY KUMAR instead of SANJAY KUMAR SETH. Please tell me what to do rest everything is OK i.e. account no. and IFSC code.

    Reply
    • The amount was sent through bank not to internet banking by HDFC

      Reply
    • Sanjay-I think it will be credited. Because they consider account number and IFSC code as main criteria than name.

      Reply
  110. Dear Sir,

    My friend deposited amount in my sbi account at 4 PM. on friday 14 May ‘016 . But still i have not got amount. Please suggest what to do.

    Reply
  111. Hello one of my relative transfeered money on 13th afternoon through NEFT from State bank of travencore to ICICI Bank Mumbai, when the money will be credited ?

    Reply
    • Akshay-If money not credited by Monday, then raise the issue with bank.

      Reply
  112. Hi Sir, I tarnsfferd amount form my hdfc to Indian bank through netbanking on Friday at 3:30 PM ..next day is second Saturday…amount was deducted from my account.. But on itdid’t credited into Indian bank account yet…can we made tarnsactions on Second Saturday s..???when will my money credit into their account..??

    Reply
    • Kartheek-If the transaction was done on 3.30 PM working day, then it must be deposited on same day but not on Friday.

      Reply
      • Yet payee didn’t received money….??

        Reply
        • Yes…they got amount…thanks a lot for your quick response.

          Reply
    • Hi all….today is holiday in Chennai for election….my native is in North east near Assam…..so if my parents transfer money from my native to Chennai ICICI bank AC will it come….by today ???

      Reply
  113. Hi sir,i transfer money from sbi bank to axis bank . itransfer money at 7.55 pm when it will credit to axis bank

    Reply
  114. sir one of my relative send my the fund through NEFT at 5.30 PM by HDFC Bank to my ICICI Bank when it will be credit in my account. Is it possible today?

    Reply
  115. Hi sir,i transfer money from hdfc bank to icicibank . itransfer money at 7.30 pm when it will credit to icici bank

    Reply
  116. I transferred a particular amount using quick transfer on 4th may around 4 o clock. The amount has been deducted. But the beneficiary didnt recieve the money yet. Need advice whether i should go to the bank?

    Reply
  117. Can we do a transfer on may1 (public holiday as well as sunday) so that the transfer takes places Monday morning. Thanks

    Reply
  118. I transfered the money sbi to iob yesterday 28th April .6,30 pm through neft .amount deducted but not went their acc.29th April also not credit amount .wen it ll be credit their ion acc?

    Reply
    • Gopal-On 29th morning in first batch. I think by this time it is credited.

      Reply
  119. I made NEFT transaction at 12:00pm 16 july 2016.i got an error money was deducted and it was showing debit status-in process. I contact customer care they told me to wait for 7:00pm but still it was showing in process…???
    Will it will be made in next working hours.

    Reply
  120. i have transferred money on 16 april 2016 (saturday) 12 p.m. after entering OTP message appears showing technical error. i check the balance it was deducted. i checked the transaction it was showing Debit status In process. what does this mean. Will the money will be credited to the beneficiary

    Reply
    • Abhishek-In my view it will not due to OTP error. But wait for next working day.

      Reply
  121. Yesterdaay at 6 pm the neft is made and today and tomorrow are public holidays when will the amount credited.

    Reply
  122. Hi sir,

    This is kranthi ,i have recently opened salary account in icici.
    I added payee at 1:45 am on Monday (mid night) and made transfer at 2:00 am (midnight).succesfull status was shown on my screen and amount was also deducted.

    When it will be credited??

    I tried to add payee and transfer money on Sunday through IMPS.But it was not success.

    I want to know d reason??

    Can I add payee on weekends ??

    Can I add payee on weekdays at any time means after 12:00 midnight??

    Reply
    • Kranthi-Your Monday money will be transferred on same day itself Regarding IMPS, check the reason for failure to transfer. Yes, you can add the payee during weekends.

      Reply
  123. Dear sir,

    I have a account in Axis bank Bangalore and my friend has Transfered 5.5 lakh from BOI Bangalore via neft but from that day bank has a holiday for 5 day’s so I just want to know when it will be credited.

    Reply
  124. My friend transferred amount from icici bank through neft to sbh on 6th at 6pm.
    When will the amount gets credited.

    Reply
    • Sathish-If the amount is transferred after the last schedule of timings (6.30 during weekdays, 12.30 on Saturday and on Sunday totally OFF), then it will be on next working day.

      Reply
  125. hi,
    i made a transaction through NEFT on sunday. So that will be worked out on monday. right?

    Reply
  126. dear sir, at what time icici server will update daily..please provide those timings .thank you

    Reply
      • Hi sir, today is bank holiday, can net transfer be done?

        Reply
  127. Dear sir …I recently open my salary accaount in last month in icici bank ..on date 27/1/2016….and on date 5/2/2016/…neft balance show in my account…4854 rs bt when I go to icici bank for withdrawal money my account show balance 00…..so pls tell me what is the proublam

    Reply
    • Vikram-Check for transactions during that period. If you have not done any such transactions, then raise the complaint with bank.

      Reply
  128. If NEFT was made at 7.00 pm on weekday and next day is national holiday then when will money be credited?

    Reply
  129. How much time will it take to transfer money is done thrugh neft frm sbi to syndicate bank ???

    Reply
    • Amena-The batches in NEFT will be cleared in batches. Let us say you transferred the fund at 9.30 AM, then it will be cleared at 11 AM. NEFT has six batches of settlement at 9 am, 11 am, 12 noon, 1 pm, 3 pm and 5 pm on weekdays and three batches of settlement at 9 am, 11 am and 12 noon on Saturdays.

      Reply
  130. Q4. What is the time taken for effecting funds transfer from one account to another under RTGS?

    Ans. Under normal circumstances the beneficiary branches are expected to receive the funds in real time as soon as funds are transferred by the remitting bank. The beneficiary bank has to credit the beneficiary’s account within 30 minutes of receiving the funds transfer message.

    All details about RTGS and NEFT are available on RBI website:

    https://rbi.org.in/scripts/FAQView.aspx?Id=65

    Reply
  131. INFORMATION REGARDING TIMINGS ARE NOT CORRECT, AND MISLEADING

    Reply
  132. Hi some body has make neft to me of 1 lakh from icici mumbai to sbi haryana and I didn’t received on the same day how London it will take sir

    Reply
  133. very nice. pl. provide your mobile number. if you donot have any objection

    Reply
  134. PLZ TEL ME

    TIMMING OF RBI TRANSFER AMOUNT TO BENEFICIARY ACCOUNT. OR LOTS OF RBI AS PER AMOUNT

    Reply
  135. Hi ,
    There is some doubt regarding deduction of employee providend fund. Pleas let me clear on this point that there is some company has deducting EPF more then 12% on basic salary or flat amount. Is it mandate that company can deduct more then 12% or is there any circular by the PF department that company can deduct?

    Reply
    • Bimlesh-They can’t deduct more than 12%. To deduct more than 12% employee acceptance is must and that part is called VPF.

      Reply
  136. Hello,

    Does USA have a money transfer system like NEFT or RTGS? It takes almost 5-6 business days to complete the transaction. does it mean we have more advanced banking system vis-a-vis the US?

    Reply
    • Sanjay-I am not aware about what type of transfer you are mentioning (within USA or outside USA). If it outside USA then you can use WIRE transfer. This is more efficient.

      Reply
      • Hello,

        I am talking about internal transfer i.e. from one bank in New Jersey to another in New Jersey.
        To be precise, I transferred money from Chase Bank in NJ to Santander Bank in NJ on 22nd Dec. The amount got credited into Santander Bank account on 31st.

        Reply
  137. Hi
    I think you can add IMPS in this list as well , that is faster and 24X7 method of transferring money between 2 different bank accounts.

    Reply
    • Sunil-This post write when RBI recently chanted the timings of RTGS. So I have not included IMPS. Anyhow thanks for your inputs 🙂

      Reply
  138. Hi,

    I just heard about PRAN (Permanent Retirement Account Number) and its enrollment.
    Expect your views on that.

    can you please help ?

    Reply
    • Thiyagarajan-Sure let me soon write a post on that and thanks for your suggestion 🙂

      Reply
  139. Hi Sir,

    I always use NEFT. I think it is cheaper then RTGS. As RTGS take quick transfer of money so that it charge will be higher as it provide the facilities, while in case of NEFT it take more time to transfer the money so its charge should be less.

    Why the charges of NEFT is more than RTGS? (As per your blog you said the RTGS charges Not applicable)

    Thanks,

    Reply
    • Anshu-RTGS charges not applicable means, minimum amount transfer in RTGS starts with Rs.2,00,000. Hence I said so. Thanks for sharing your views.

      Reply

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