Bank customers will be able to transfer funds through NEFT around the clock on all days including weekends and holidays from December 16. It was announced by the Reserve Bank of India.

These transactions after the usual banking hours are set to be automated initiated using 'Straight Through Processing (STP)' modes by the banks. The existing discipline for crediting the beneficiary's account or returning the transaction within 2 hours of settlement to the originating bank will also continue.