Transact round the clock: NEFT timings to change from December, RBI announces
Currently, the channel can only be used between 8am to 7pm on w...
Transfer funds via NEFT 24X7 from December 2019
NEFT is a payment system facilitating funds transfers from one bank account to another.
SBI waives off charges on NEFT, RTGS and IMPS
With effect from July 1, 2019, no RTGS, NEFT charges will be levied on customers for transactions done via YONO, Internet banking and mobile banking.
BBPS biller categories expanded, 24x7 NEFT: RBI statement on developmental, regulatory changes
RBI Governor Shaktikanta Das lists out various developmental and regulatory policy measures in the areas of financial markets, payment and s...
RTGS system for customer transactions to open at 7 am from August 26: RBI
At present, the RTGS system is available for customer transactions from 0800 hours to 1800 hours and for inter-bank transactions from 0800 hours to 1945 hours.
Fund transfer via RTGS, NEFT set to get cheaper from Monday
After announcing its decision to waive all charges on fund transfer through RTGS and NEFT systems, RBI had also asked banks to pass on the benefits to customers from the same day.
Fund transfers via RTGS, NEFT to cost less from July 1
Country's largest bank SBI charges between Re 1 and Rs 5 for transactions through NEFT and between Rs 5 and Rs 50 for RTGS route.
RBI removes NEFT, RTGS payment charges to push digital transactions
RBI has removed charges for NEFT, RTGS payments. It has asked banks to pass on benefits to customers.
1.75 lakh entities withdrew over Rs 1 crore each from bank accounts in 1 year
Through the proposed 2% TDS, govt hopes to improve tracking of entities that withdraw large amounts of cash.
Key RBI announcements: 25 bps rate cut, ATM charge review and no NEFT RTGS transaction charge
In a unanimous decision by Monetary Policy Committee, the RBI on Thursday cemented its position as Asia’s most dovish central bank with a th...
Pay 2% surcharge for annual cash withdrawals exceeding Rs 1 crore : Nirmala Sitharaman
Quoting the multiple transaction modes available like NEFT, IMPS, RTGS and UPI, the minister said that there is an urgent need to adopt these payment modes instead of cash.
What a 25 bps cut from the RBI means for India, Modi and you
RBI's rate cut gives Modi govt a helping hand to crank up a growth that fell to a five-year low.
Government writes to banks on patchy PoS numbers
Banks were allocated targets of 20 lakh physical and mobile PoS deployment in FY19 but achieved only 44% of the target by the end of January.
RBI releases payments systems roadmap for a ‘cash-lite’ India
RBI sees sixfold increase in card-based transactions in next 3 years, propelling economy to a ‘cash-lite’ one.
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