RTGS

1st Time Ever, Non-Banks Will Offer NEFT, RTGS Services To Customers: Big Change In RBI Rule As per newest reports coming in, payment system providers, prepaid card issuers, card networks and white label ATM operators will now be given…

This should come as a relief as one will no longer have to wait if the first day of a month falls on a weekend. Come August 1, critical banking transactions such as salary, pension and Equated Monthly Installment (EMI) payments will…

ICICI Bank Will Charge Rs 125 Per Transaction From These A/C Holders; Digital Push Is The Reason? We have been heavily covering bank reforms these days, complying to the transient and prominent changes public and private banks have been…

24*7 NEFT allowed by RBI Reserve Bank of India has now allowed NEFT or National Electronic Funds Transfer round the clock, 24*7. This means that consumers can now send money via NEFT anytime of the day. As of now, NEFT is open…

NEFT, RTGS is free for SBI users Great news for SBI users, pan-India: They need not pay anything for NEFT and RTGS henceforth. But why has this decision been taken? Meanwhile, IMPS is still chargeable, and SBI and other bank users…

Effective July 1st, RTGS, and NEFT will be free, as RBI will not charge anything for these two modes of fund transfer. But, will the banks pass on the benefits to the end-users? Meanwhile, after reports emerged that Paytm will…

NEFT, RTGS charges removed RBI Governor Shaktikanta Das headed the crucial Monetary Policy Committee (MPC) review today, and made some big changes to the existing financial policies of India. These changes will have a big impact on…

Axis Bank has partnered with Ripple to use blockchain for instant cross-border money transfer mechanism, a process which takes up to 3-4 days in India.

RBI has recorded rise in UPI & eWallet transactions in comparison to debit/credit cards, which are followed by increased use of USSD, PPIs, NEFT & RTGS