Key Points
HDFC Bank has informed its customers that National Electronic Funds Transfer (NEFT) transactions may not be available on April 1, 2024, due to procedures regarding financial year-ending..
So those who are planning to transfer money may avoid NEFT on Monday.. Further, if you receive salary or other payments through NEFT transfer on April 1, 2024, they may also get delayed due to the same reason...
In a mail to customers, HDFC Bank wrote, "Please note, outward NEFT transactions may get delayed/ may not be available on 1st April 2024 due to financial year-end procedures..
"The facility of exchange/deposit of Rs 2000 banknotes will not be available on Monday, April 01, 2024, at the 19 Issue Offices1 of the Reserve Bank of India due to operations associated with the Annual Closing of Accounts..
According to the Reserve Bank of India's official notification, "The Government of India has made a request to keep all branches of the banks dealing with Government receipts and payments open for transactions on March 31, 2024 (Sunday) so as to account for all the Government transactions relating to receipts and payments in the FY 2023-24 itself..
