No payment systems to work on 2nd, 4th Saturday from Sept 1: RBI

Stupid move. Simply Stupid. No NEFT on those days is completely absurd.

Even currently NEFT works only during banking hours. If you make a NEFT transfer after banking hours, it will be executed only when the bank opens (about 8 - 9 AM on a working day). So thats not new.

IMPS is a good option to use. BTW I use HDFC mostly and till date have never been charged for both NEFT and IMPS transactions. Don't know why. Though my colleagues in the office who have same salary accounts as me, have been charged.
 
Can anyone tell how much human intervention is needed for NEFT and other electronic transfers? Isn't the whole process supposed to be automated?
 
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