RBI in its circular has notified the following days as holiday for NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement). You would not be able to do inter-bank money transfer electronically on these days.
RTGS and NEFT Holiday List 2013
|1||January 26, 2013||Saturday||Republic Day|
|2||March 29, 2013||Friday||Good Friday|
|3||April 1, 2013||Monday||Annual Closing of Banks|
|4||July 1, 2013||Monday||Annual Closing of RBI|
|5||July 1, 2013||Friday||Ramjan Id (Id-Ul-Fitar)|
|6||August 15, 2013||Thursday||Independence Day|
|7||September 30, 2013||Monday||Half Yearly Closing of Banks|
|8||October 2, 2013||Wednesday||Mahatma Gandhi Jayanti|
|9||October 16, 2013||Wednesday||Id-Uz-Zoha|
|10||November 14, 2013||Thursday||Mohurram|
|11||December 25, 2013||Wednesday||Christmas|
Also both RTGS and NEFT is closed on Sundays.
NEFT operates in hourly batches. Currently, it has 11 settlements from 9:00 AM to 7:00 PM on weekdays and five settlements from 9:00 AM to 1:00 PM on Saturdays. So, in case you initiate a transaction after a settlement time you have no option but to wait till the next settlement time.
The service window for RTGS at banks is available from 9:00 AM to 4.30 PM on week days and from 9:00 AM to 1.30 PM on Saturdays for settlement at the RBI end. Keep in mind that the timings that each bank follows may vary.