I usually transfer money after office hours, so can someone tell me the exact timings for NEFT and RTGS transactions in Canara Bank, and whether these services work 24×7 through internet banking or mobile app, including weekends and holidays?
Many people get confused about bank transfer timings, and I used to wonder the same before learning how it works.
What is the timing of NEFT and RTGS transactions in Canara Bank?
-
NEFT: This also works 24/7 and earlier money were sent in batch cycles but now there is no fixed time slots. It can be done on holidays and after bank hours. There is no minimum limit and the maximum limit depends on the account type.
-
RTGS: It works 24/7 by net banking and mobile app whereas by branch it usually works between 10 AM to 5 PM on working days. Online RTGS also works on weekends and holidays.
Best Time to Use NEFT vs RTGS
| Transfer Type | Best Used For | Good Time to Send | Typical Credit Time |
|---|---|---|---|
| NEFT | Normal payments, bills, small amounts | Anytime | 5 mins – 2 hours |
| RTGS | Urgent or large payments | Before late night for fastest processing | Instant – 30 mins |