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

[toocool6600]

I don't know why people react so hard for everything online.

It doesn't really affect much, negligible if any

 

[Party Monger]

http://www.npci.org.in/aboutimps.aspx

All the payments that were made on saturday I got on Monday itself, so no big deal. Except atleast for 3 saturdays atleast you'll get full working day to make payments. IMO its good.

 

[Mr.J]

Well can you see this Govt. is already going/taking backwards??? In next couple of months expect us to be somewhere in 1846 or medieval period.

Time to get my armour polished, I think.

 

[moshel]

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.

 

[benryu]

Usually salary accounts dont charge for NEFT or IMPS for upto a certain amount like Rs 50,000.

 

[mathewvp]

I don't know why people react so hard for everything online.

It doesn't really affect much, negligible if any

May be not the common man, but if affects businesses adversley

 

[Mr.J]

Can anyone tell how much human intervention is needed for NEFT and other electronic transfers? Isn't the whole process supposed to be automated?