NEFT New Features from 01/March/2010 (01/03/2010)

   NEFT New Features from 01/March/2010 (01/03/2010)

        Today a ground-breaking Circular was released by Reserve Bank of India’s, Department of Payments and Settlement System, on new features in National Electronic Funds Transfer (NEFT) System

The Circular No is :RBI/2009-10/305 - DPSS CO EPPD No.168 / 04.03.01 / 2009-2010 dt.February 5, 2010 addressed to  all - The Chairman and Managing Director / Chief Executive Officer of all member banks participating in NEFT

It can be accessed @

http://www.rbi.org.in/scripts/NotificationUser.aspx?Id=5489&Mode=0

I require some time to digest it and present it to the benefits of the viewers.

In short, the Diagram hereunder, will provide a Bird’s eyeview.