National Electronic Funds Transfer

Fund transfers via RTGS, NEFT to cost less from 1 July; non-subsidised LPG cylinders to be cheaper by Rs 100 in Delhi

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 monetary policy: Central bank removes charges on RTGS, NEFT transactions; asks banks to pass on benefits to customers

The Reserve Bank of India (RBI) on Thursday said it has done away with charges on fund transfers through RTGS and NEFT routes to boost digital transactions and asked banks to pass on the benefits to customers

NEFT transfer to get quicker as RBI cuts clearance time; settlement cycle reduced to half-hourly batches

This will enhance the efficiency of the NEFT system and add to customer convenience, deputy governor Kanungo said.

Delhi Government asks all departments to use e-payment if amount exceeds Rs 5,000

The Finance Department of the Delhi government has issued an office memorandum deciding to implement the recent order of the Union Finance Ministry in this regard to promote e-payments.