The popular National Electronic Funds Transfer or NEFT for fund transfers of up to Rs 2 lakh will continue to be operational as usual during this period
RTGS, which began its operations on 26 March, 2004 with a soft launch involving four banks, presently handles 6.35 lakh transactions daily for a value of Rs 4.17 lakh crore across 237 participant banks
Bank of Maharashtra gets govt mandate to collect donations for PM CARES Fund; contributions to get I-T Act exemption
One can also remit contributions directly by electronic clearing system (ECS) to the designated savings bank account of Bank of Maharashtra.
Yes Bank users can now make over Rs 2 lakh payments towards loans, credit cards via other bank accounts
On 5 March, the RBI in consultation with the government put a moratorium on Yes Bank till 3 April, citing serious financial mismanagement at the private sector lender.
Bharat Bandh: Transport, banking hit in several states as Left, Congress-backed unions go on strike; vandals torch vehicles in Bengal
The day-long Bharat Bandh called by 10 trade unions was hit normal life in the statesof West Bengal, Assam and Odisha, while it evoked a lukewarm response in many states including Maharashtra, Karnataka and Tripura.
Bharat Bandh 2020 Updates: TMC, CPM spar over violence in Bengal; parties without political existence indulging in cheap tactics, alleges Mamata Banerjee
Bharat Bandh 2020 Updates:Hitting out at the Left and the Congress, Chief Minister Mamata Banerjee said on Wednesday that those who don't have any political existence in the state are trying to ruin its economy by pursuing "cheap politics" of strikes.
Bharat Bandh 2020: Banking, transport services set to be impacted as trade unions call for strike against Centre's labour policies
In West Bengal, trade unions affiliated to Left and other parties called for a Bharat bandh against the economic policies of the BJP government. However, the TMC-led state government said it will not support any bandh.
Digital economy: Love of cash hinders govt's objectives; currency in circulation rises 17% to Rs 21 lakh cr post-demonetisation
The demonetisation got rid of old 500 and 1,000 rupee banknotes and Modi said that would boost the country’s digital economy, unearth unaccounted wealth and reduce the use of cash.
Come January 2020, and customers may not have to pay any charges for transactions done through the popular NEFT system
NEFT New Fund Transfer Timings 2019: RBI allows round-the-clock payments from December to promote digitisation
The RBI has decided to allow round-the-clock fund transfers through NEFT from December this year in order to promote digital transactions
After NEFT, RTGS, SBI waives charges on IMPS transactions through internet and mobile banking from 1 August
State Bank of India (SBI) has waived charges on NEFT and RTGS transactions through the internet and mobile banking from 1 July, after the RBI decided to do away with the charges with an aim to move the country towards a less-cash economy
Payments Council says abolishing MDR charges to dry up investment capital; will kill revenue source for industry
Abolishing merchant discount rate (MDR) to facilitate digital transaction in the country will dry up foreign capital investment besides leaving the sector without sources of revenue generation, the Payments Council of India (PCI) said on Tuesday
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 removes charges on RTGS, NEFT transactions: Central bank's decision will give a much-needed boost to digital transactions
The Narendra Modi government’s Digital India drive has definitely got a boost with this RBI initiative.
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
Customers must be allowed to initiate and accept a reasonable number of digital payment transactions with no charges, the committee suggested
Under Real Time Gross Settlement (RTGS) System, there is a continuous and real-time settlement of fund-transfers
The company will offer the doorstep gold loan facility across 50 branches each in Mumbai and in Delhi, it said in a release.
Narendra Modi to launch India Post Payments Bank on 1 September; to leverage reach of 1.55 lakh post office branches
The payment bank will be used by the government to distribute NREGA wages, subsidies, pension etc
Donation to Kerala floods: Mobile wallet firms have their heart at the right place but taxpayers inconvenienced
A few other mobile wallet companies have swung into action to mobilise funds for the beleaguered people of Kerala devastated by heavy rains, but how convenient is it for making donations