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Neft an advanced payment platform for credit card bills

October 22 , 2020 |4 Comments

Features Of Hdfc Credit Card Bill Payments Using The Neft Platform

* The credit card payment requests made on any of the non – business day will be submitted to the Reserve Bank of India on the next working day. * The credit card payments will be processed within 1 business day. * The payee bank will receive the money within the slated time. * The time required to transfer funds to beneficiaries account is based on the amount of time consumed by payee’s bank to initiate the payment process.

* Credit card payments shall be processed within 1 business day. * Credit card payment requests made on non-business days shall be submitted to the Reserve Bank of India on the next working day. * The amount of time required to transfer funds to beneficiaries’ account is reliant on the amount of time consumed by payees’ bank to initiate the payment process. * The payee’s bank shall receive money within the slated time.

The Reserve Bank of India (RBI), the Central Bank of the country, manages National Electronic Funds Transfer (NEFT), which is an advanced system for electronic fund transfer and payments, including credit card bills. This facility allows the transfer of funds amid NEFT-registered banking institutions in India. The requests for fund transfers and bill remittance shall be processed batch wise. According to recent reports, the NEFT payment facility today is provided by more than 101 banks nationwide at 74, 680 bank

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How To Make Sbi And Non Sbi Credit Card Payment Using The Sbi Neft Platform

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