Given that NEFT has become a flagship remittance system in the country catering to the needs of individuals, corporates and governments alike, many efficiency enhancements have also been made in the system. Hence, NEFT at present processing 12 batches on weekdays and six batches on Saturdays.
With the introduction of the feature of continuous release of credit messages, the participants have been given additional time window to process the transactions. 10. Similarly, there has also been a surge in the customers registered for mobile banking. The mobile payments in 2012–13 have reached 53.30 million in volume terms and ₹ 59.90 billion in value terms.