RBI considering giving fintech cos access to NEFT and RTGS clearing systems
The central bank may also soon introduce new payment umbrella organizations to compete with NPCI.
Aspiring bankers of today are walking a very different road
As machines take over many functions, the HR need at banks is shifting to enginee...
Fintech, insurance companies may get direct access to CPS
Reserve Bank will examine the case for increased participation of non-banks in CPS.
From January, banks cannot charge you for online NEFT transactions
The RBI has mandated all banks to stop charging savings account customers for NEFT use from Jan '20.
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.
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.
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 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.
RBI extends last cut-off timing for RTGS transactions from 4.30 pm to 6pm
Effectively, the transactions will now take place under three windows: 8am to 11am, 11am to 1am and 1am to 6pm.
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...
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.
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.
Bank branches dealing with government business to remain open this Sunday: RBI
"The Government of India has advised that all Pay and Account Offices will remain open on March 31, 2019 (Sunday) to facilitate government receipt and payment transactions," RBI said in a circular.
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