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RBI Mandates 24x7 NEFT Bulk Clearing for Corporate Accounts.

Banking & Finance | Dated: 22 Apr 2026

In an absolutely critical regulatory update for banking professionals, the Reserve Bank of India (RBI) strictly mandated that all commercial banks must enable 24x7 NEFT bulk clearing facilities exclusively for corporate salary and vendor payments.

🎯 Key Highlights:

  • The directive heavily focuses on enhancing the operational efficiency of corporate banking.
  • It ensures completely uninterrupted processing of large batch files even on bank holidays.
  • Banks have until October 2026 to seamlessly upgrade their core banking systems.

💡 Other Important Facts:

  • Directive: NEFT Bulk Clearing.
  • Target: Corporate Accounts.
  • Regulator: RBI.

📚 Test Your Knowledge:

The Reserve Bank of India recently mandated 24x7 NEFT bulk clearing facilities specifically for which type of bank accounts?

Correct Answer: Corporate Accounts

🚀 Quick Recap:

About NEFT

  • Full Form - National Electronic Funds Transfer
  • Regulator - Reserve Bank of India