State Bank of India, while informing its customers, said the online banking service would be affected until 2 pm today. Today, the National Electronic Fund Transfer means that the NEFT service will be shut down for a while. This information was provided by the Reserve Bank through its Twitter handle. RTGS facilities will be restored.
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The Reserve Bank of India will update its national electronic fund transfer system, the bank tweeted. Because of this the service is interrupted. Yono and Yono Lite will not be available until 2pm today.
– State Bank of India (OTheOfficialSBI) May 22, 2021
Earlier, the RBI had announced that the NET service would not be available from 00:01 am to 14:00 pm During this period the RTGS system will continue to operate as usual. The RBI has asked banks to provide information to their customers so that they can make their payment related plans on time. Such a technical update was made on 20 April 2021 for the Real-Time Total Settlement (RTGS).