Sun, Jun 30, 2024
"The board has already given approval, and merchant bankers should be on-boarded by August," Punjab & Sind Bank managing director and CEO Swarup Kumar Saha told PTI.
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Sat, Mar 02, 2024
National Electronic Funds Transfer (NEFT) system and the Real Time Gross Settlement (RTGS) system are being managed by the Reserve Bank to settle retail and wholesale payments, respectively.
Fri, Jun 02, 2023
RBI is planning to introduce a lightweight payment and settlement system (LPSS) that can operate from anywhere with minimal staff. The LPSS will be activated on a need basis and will operate independently of existing payment systems, such as RTGS, NEFT, and UPI.
Tue, Mar 21, 2023
The RBI wrote a letter to banks on Tuesday, highlighting that all government transactions done by agency banks for 2022–2023 must be accounted for within the same financial year
Fri, Feb 24, 2023
IMPS, NEFT and RTGS are all electronic funds transfer systems in India, but they differ in terms of speed, transaction limits, and fees.
Wed, Aug 17, 2022
RBI Issued discussion paper on charges on payment system. All inclusive including RTGS, NEFT, UPI and Debit, Credit Card, PPI. Will the charges on online payment be reduced? Know full details from Anurag Shah.
Tue, Jan 04, 2022
In an aim to encourage digital transactions among its customers, the largest public sector lender in the country has not levied any service charges on Immediate Payment Service (IMPS) transactions up to Rs 5 lakh.
Wed, Jul 28, 2021
PSPs include prepaid payment instrument (PPI) issuers, card networks, white label ATM (WLA) operators and trade receivables discounting system (TReDS) platforms.
Sun, May 23, 2021
The National Electronic Funds Transfer (NEFT) facility will remain unavailable till 2 pm on Sunday, May 23. The Reserve Bank of India (RBI) had warned customers about the same and had said that the NEFT facility will remain unavailable for 14 hours on Sunday from 00.01 am to 14:00 pm.
Sat, May 22, 2021
If you are looking forward to make NEFT transfer, you should know that the National Electronic Funds Transfer facility will not be available from tonight. As per the Reserve Bank of India (RBI), this facility will remain suspended from tonight till Sunday afternoon.
Mon, May 17, 2021
The National Electronic Funds Transfer (NEFT) facility will not be available for at least 14 hours on Sunday, May 23, as per the information provided by the Reserve Bank of India (RBI) on Monday.
Wed, Apr 07, 2021
Good news for those who use online banking modes like the RTGS and NEFT for making payments. RBI has increased the ambit of the RTGS and NEFT payment modes to non-bank entities payment space including Prepaid Payment Instrument (PPI) issuers, Card Networks, White Label ATM (WLA) operators, Trade Receivables Discounting System (TReDS) platforms)
Thu, Oct 22, 2020
NEFT vs RTGS vs IMPS: While making money transactions, users remain confused about which mode of transferring money is best suited for them.
Tue, Mar 10, 2020
Crisis-hit Yes Bank on Tuesday said that it has enabled inward IMPS and NEFT services.
Tue, Jan 07, 2020
NEFT and RTGS have been allowed free of cost for all Indian banks for its customers but not the IMPS. So, use IMPS only when it's necessary.
Thu, Dec 26, 2019
Airtel alert! In-line with the Reserve Bank of India’s guidelines, Airtel Payments Bank customers will now be able use the NEFT facility at any time of the day.
Mon, Dec 16, 2019
In July, the RBI had waived off all charges on fund transfer through NEFT and RTGS and had also asked banks to pass on the benefits to the customers. Most of the banks like the ICICI Bank, State Bank of India (SBI) and HDFC Bank do not charge anything for online NEFT transfers.
Sat, Dec 14, 2019
In a major development, the Reserve Bank of India (RBI) has decided to provide an additional collateralised intra-day liquidity facility for smooth operation of payment system National Electronic Funds Transfer (NEFT) on a round-the-clock basis from December 16.
Sat, Dec 07, 2019
NEFT Payment Date, Timings, Latest Rules Update: Do you use National Electronic Funds Transfer (NEFT) system to electronically transfer funds from one account to another? If yes, here is good news for you!
Sat, Nov 09, 2019
In a big relief to banking customers, the Reserve Bank of India (RBI) has directed banks not to charge savings account holders for NEFT with effect from January 2020.
Fri, Nov 08, 2019
Banks should not charge savings bank account customers for online transactions in the NEFT system with effect from January 2020, RBI has proposed.
Thu, Aug 22, 2019
In another bid to promote digital transactions in the country, the Reserve Bank of India (RBI) has extended the customer transactions timing for Real Time Gross Settlement (RTGS) system by an hour.
Wed, Aug 07, 2019
The RBI has decided to allow 24x7 fund transfers through NEFT from December this year in order to promote digital transactions.
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