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NEFT

ACH

National Electronic Funds Transfer - India's batch ACH system. Settled in half-hourly batches, 24/7/365 since December 2019. Operated by RBI. No minimum or maximum amount. Slower than RTGS/UPI but widely used for scheduled and bulk transfers.

NowHours: computing from the published schedule…Service condition: not monitored details

ClearingPost does not assess whether NEFT is running normally.

Next

Dated items ClearingPost holds, each with its source and whether the date is confirmed

No supported upcoming items in ClearingPost's records for NEFT.

ClearingPost holds sourced upcoming items for 13 of 149 systems; an empty list is a statement about ClearingPost's records, not about a system's plans.

Changed

All recorded changes →

Material, sourced changes ClearingPost recorded; corrections to its own record are labelled as such

  • Data update
    NEFT average daily transactions increased to ~28.7M/day (September 2026) · NEFT average daily value increased to ~INR 1.56 lakh crore/day (September 2026)
    recorded 4 Nov 2026 · Payment System Indicators - September 2026
  • Data update
    NEFT average daily transactions decreased to ~28.5M/day (August 2026) · NEFT average daily value decreased to ~INR 1.42 lakh crore/day (August 2026) · NEFT participant count increased to 233 member banks (August 2026); 174,762 IFSCs (Mar 2025)
    recorded 17 Sep 2026 · RBI Bankwise Volumes in ECS/NEFT/RTGS/Mobile Transactions: National Electronic Funds Transfer (NEFT), August 2026
  • Data update
    NEFT average daily transactions increased to ~28.9M/day (July 2026) · NEFT average daily value increased to ~INR 1.50 lakh crore/day (~$17.9B) (July 2026)
    recorded 27 Aug 2026 · Payment System Indicators - July 2026
  • Data update
    NEFT average daily transactions increased to ~28.6M/day (June 2026) · NEFT average daily value increased to ~INR 1.48 lakh crore/day (~$17.7B) (June 2026) · NEFT participant count decreased to 232 direct members (June 2026); 174,762 IFSCs (Mar 2025)
    recorded 5 Aug 2026 · Bankwise Volumes in NEFT/RTGS/Mobile Transactions - June 2026

Sources ClearingPost reads NPCI · Authoritative (T1) · 10 of 19 fields carry a source and a recorded date · latest sourced entry recorded 12 Nov 2026 · evidence details ↓

Record · NEFT

Country
India (IN)
Currency
Indian Rupee (INR)
Operator
RBI
Type
ACH
Operating Window
24/7/365
Year Established
2005
Tier?
Tier 1
ISO 20022?
Legacy
Region
Asia-Pacific
Settlement Type?
Net
Participants
233 member banks (August 2026); 174,762 IFSCs (Mar 2025)
Avg Daily Transactions
~28.7M/day (September 2026)
Avg Daily Value
~INR 1.56 lakh crore/day (September 2026)
Availability
24/7/365
Avg Daily Transactions period
September 2026
Avg Daily Value period
September 2026
Notes

NEFT's transaction count fell slightly in September 2026 against August while its value rose, so the average ticket size continued to climb as small retail transfers migrate to UPI and large corporate and tax payments stay on the bank rails at quarter-end. ClearingPost derives the daily averages shown here by dividing the RBI's published monthly totals by calendar days, and RBI Payment System Indicators are provisional. The RBI's new Data Centre at Jatni, Bhubaneswar, inaugurated on 25 October 2026, is designated to house the Reserve Bank's mission-critical systems including NEFT, with no migration date stated.

RBI official website →
Reference Sources
NPCI
Authoritative (T1)Entry recorded Mar 11, 2026
Status →
See all ACH systems →See all systems in India →ISO 20022 migration status →Payment rails by country →
Other systems in the same country or region
BOJ-NETRTGS
Japan · JPY · Bank of Japan
ZenginACH
Japan · JPY · Zengin-Net (JBA)
HVPS (CNAPS)RTGS
China · CNY · CNCC (China National Clearing Center) / PBoC
CIPSHybrid
China · CNY · CIPS Co.
BEPS (CNAPS)ACH
China · CNY · CNCC (China National Clearing Center) / PBoC
IBPSFPS
China · CNY · CNCC (China National Clearing Center) / PBoC

Operations · NEFT

Operational monitoring: not configured. ClearingPost does not monitor operational sources for this system and does not assess its current service condition.

Operations lists the systems ClearingPost monitors and the operational events it has recorded.

Intelligence for NEFT (5)

Coverage whose headline or summary names NEFT, or names its operator or country together with its system type. Each item quotes that evidence and says whether the source is the NEFT operator or external.

NewsOct 26, 2026Headline names “NEFT”
RBI's New Bhubaneswar Data Centre Will House RTGS and NEFT
The Reserve Bank of India has a new site in Odisha for the systems that settle the country's large-value transfers and batch credits. The Reserve Bank's new Cybersecurity Training Institute in Bhubaneswar, inaugurated on the same occasion, will build expertise in cybersecurity, artificial intelligence and other emerging technologies.
Operator source · Reserve Bank of India
AnalysisOct 17, 2026Headline names “NEFT”
RTGS Settled Rs 235.71 Lakh Crore in September as NEFT Moved Rs 46.75 Lakh Crore
India's September payment data separates the country's interbank rails by ticket size. The average RTGS payment worked out near Rs 72 lakh, roughly 130 times the NEFT equivalent and nearly 6,000 times a typical UPI transfer. UPI's daily average climbed to 802.3 million transactions in September. Its monthly count fell 1.8 percent from August.
External source · PSU Watch
AnalysisJun 10, 2026Headline names “NEFT”
NEFT Crosses 10 Billion Annual Transactions in CY2025 as Average Ticket Size Falls 34 Percent
Reserve Bank of India data shows NEFT processed 1,000 crore transactions worth Rs 482 lakh crore in CY2025, a 27.4 percent volume CAGR from CY2021. Average transaction size declined from Rs 72,895 to Rs 48,200 over the period, indicating expansion into automated batch payment use cases rather than migration toward higher-value transfers.
External source · Manorama Yearbook
AnalysisMay 29, 2026Headline names “NEFT”
NEFT Triples to One Billion Annual Transactions Over Four Years
April 2026 data from RBI's bankwise volumes showed 833 million NEFT transactions totaling Rs 44.24 lakh crore. This represented a seasonal decline from the March 2026 fiscal year-end peak of 939 million transactions and Rs 56.62 lakh crore.
External source · Business Standard
GuideMar 13, 2026Headline names “NEFT”
India's RTGS and NEFT: A Practitioner's Guide to the RBI's Settlement Architecture
India runs one of the world's few 24/7 RTGS systems and a half-hourly batch settlement engine processing nearly a billion transactions a month. This guide breaks down how RTGS and NEFT work, who uses them, and where they sit in India's layered payment infrastructure.
External source · Assets

Wider coverage that mentions NEFT (7)

These articles mention NEFT in their text but not in their headline or summary, so they are listed as context rather than as NEFT intelligence.

NewsMay 20, 2026Text mentions “NEFT”
RTGS Accounts for 68.6 Percent of India's Payment Value in H2 2025
The RBI's H2CY25 Payment Systems Report shows India's retail-wholesale payment split widening, with total digital transaction volumes growing at a 42.9 percent compound rate to 268 billion annual transactions as debit card usage declined 67 percent since 2021.
External source · Business Standard
RegulationApr 11, 2026Text mentions “NEFT”
RBI Proposes One-Hour Cooling-Off Period for Digital Payments Above ₹10,000
The RBI frames the proposal around authorised push payment fraud, where victims are socially engineered into initiating transfers themselves. Transactions above ₹10,000 account for 98.5 percent of total reported fraud value.
External source · Reserve Bank of India (via Business Today)
RegulationMar 28, 2026Text mentions “NEFT”
RBI Publishes Payments Vision 2028 with Fifteen Reform Initiatives
RBI's Payments Vision 2028 proposes fifteen initiatives through December 2028, including the Payments Switching Service for bank migration, switch-on/off controls for all digital payments, shared liability for unauthorized transactions, electronic cheques, and a Cyber KRI framework for non-bank payment system operators.
External source · DD News / All India Radio
RegulationMar 26, 2026Text mentions “NEFT”
RBI Two-Factor Authentication Mandate Takes Effect April 1, Reshaping Digital Payment Security Across India
The framework introduces risk-based verification across all domestic digital payment channels and expands approved authentication factors beyond SMS OTPs to include biometrics, device binding, and cryptographic keys. Compliance is required for domestic transactions by April 1 and for cross-border card-not-present transactions by October 1, 2026.
External source · Business Standard
RegulationMar 20, 2026Text mentions “NEFT”
RBI Proposes Digital Fraud Compensation Framework with Rs 25,000 Cap
The draft, released in early March 2026 with comments invited until April 6, 2026, targets the growing volume of digital payment scams involving amounts under Rs 50,000. In a notable departure from existing rules, the RBI has indicated that first-time victims may receive compensation even in cases where one-time passwords
External source · Banking Finance - RBI News March 2026
RegulationMar 20, 2026Text mentions “NEFT”
RBI Constitutes Payments Regulatory Board Under New PRB Regulations
India's central bank has established a six-member Payments Regulatory Board chaired by Governor Sanjay Malhotra, replacing the former oversight body and marking a structural shift in payment system governance as digital transaction volumes continue to surge.
External source · nasscom Community - RBI Constitutes PRB
RegulationMar 19, 2026Text mentions “NEFT”
RBI's Risk-Based Authentication Framework for Digital Payments Takes Effect April 2026
Under the new framework, financial institutions may deploy a range of authentication factors including biometrics, device tokens, app-based prompts, PINs, passphrases, and hardware or software tokens. The framework categorizes these into knowledge factors, possession factors, and inherence factor...
External source · WeRize - RBI New Digital Payment Rules 2026
Not listed here: 3 tagged articles that do not mention NEFT. All coverage is in Insights.