Frequently Asked Question
How long it takes to transfer NEFT / Net Banking payment? And when it will reflect in my MMH account.
Last Updated 6 years ago
NEFT is not transferred in real time unlike RTGS even though it’s debited instantly from sender’s account. Every bank has its own priority mechanism in place, so it takes same day transfer to next working day transfer. On weekends most banks queue up the transactions and clear on Monday, even though Saturday is working day. Occasionally due to any glitch in transfer mechanism, it takes up to 3 working days.