Airtel Payments Bank enables NEFT, users can make transfers at any time

Airtel Payments Bank on Thursday said its customers will now be able use the National Electronic Funds Transfer (NEFT) facility at any time of the day, in-line with the Reserve Bank of India (RBI) guidelines.

The facility will be available to customers on 24x7 basis even on holidays, enabling them to receive or send funds to any bank from anywhere, anytime, Airtel Payments Bank said in a statement.

Ganesh Ananthanarayanan, chief operating officer, Airtel Payments Bank, said, "We welcome the RBI mandate as it will allow our customers to easily transfer the money to any bank account at any time using NEFT mode. This will add to the overall online banking experience for the customers.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel