How long does it typically take for National Electronic Funds Transfer (NEFT) transactions to be processed and the funds to be credited to the recipient's bank account?

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General Knowledge · General Awareness

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Funds are settled and credited in half-hourly batches throughout the day.

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Answer 1

Immediately, as NEFT operates on a real-time gross settlement system.

Answer 2

Same day, but only after the closing of the designated banking business hours.

Answer 3

Funds are settled and credited in half-hourly batches throughout the day.

Answer 4

Funds will be credited strictly within three to seven business days.

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