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Can I transfer funds through NEFT on weekends or after business hours?

Curious about NEFT (National Electronic Funds Transfer)

Can I transfer funds through NEFT on weekends or after business hours?

Yes, you can initiate an NEFT transfer 24x7, even on weekends and holidays. However, the actual processing of the transaction will take place only during the working hours of the bank. The transfer will be executed on the next working day if it is initiated after the cutoff time on a working day or on a nonworking day. The cutoff time varies depending on the bank and the branch. It is important to check with your bank about their specific cutoff time for NEFT transfers.

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