Rtgs

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Rtgs - Total results - 39
RTGS to remain unavailable for 14 hrs from midnight on 17 April due to technical upgrade: RBI
Business

RTGS to remain unavailable for 14 hrs from midnight on 17 April due to technical upgrade: RBI

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 to become available round-the-clock from 12.30 am on Monday, says RBI governor Shaktikanta Das
Business

RTGS to become available round-the-clock from 12.30 am on Monday, says RBI governor Shaktikanta Das

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

Coronavirus Outbreak: UPI transactions drop in March, RTGS shoots up due to lockdown
Business

Coronavirus Outbreak: UPI transactions drop in March, RTGS shoots up due to lockdown

After constantly rising for the past several months, the volume, as well as value, of transactions through the UPI payment system dropped in March due to the 21-day nationwide lockdown imposed to combat the coronavirus infection

Bank of Maharashtra gets govt mandate to collect donations for PM CARES Fund; contributions to get I-T Act exemption
Business

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
Business

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.

I-T Dept detects Rs 435-cr undisclosed income after raids on Tamil Nadu firm; company inflates expenditures using bogus invoices
Business

I-T Dept detects Rs 435-cr undisclosed income after raids on Tamil Nadu firm; company inflates expenditures using bogus invoices

It was found, the CBDT said, that the company would pay for such bogus expenses by cheque or RTGS and then receive the cash back.

I-T department unearths Rs 700 crore in search and seizure operations in Tamil Nadu
India

I-T department unearths Rs 700 crore in search and seizure operations in Tamil Nadu

The Income Tax Department has conducted a search and seizure operation in Tamil Nadu and detected an undisclosed income of Rs 700 crore

NEFT New Fund Transfer Timings 2019: RBI allows round-the-clock payments from December to promote digitisation
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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

Nandan Nilekani-led committee suggests measures to encourage digital payments, financial inclusion
Business

Nandan Nilekani-led committee suggests measures to encourage digital payments, financial inclusion

Customers must be allowed to initiate and accept a reasonable number of digital payment transactions with no charges, the committee suggested

Reserve Bank extends RTGS timing till 6:00 pm for general public from 1 June
Business

Reserve Bank extends RTGS timing till 6:00 pm for general public from 1 June

Under Real Time Gross Settlement (RTGS) System, there is a continuous and real-time settlement of fund-transfers

Narendra Modi to launch India Post Payments Bank on 1 September; to leverage reach of 1.55 lakh post office branches
Business

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

PM Narendra Modi to launch India Post Payments Bank on 21 August; to target one branch in every district
Business

PM Narendra Modi to launch India Post Payments Bank on 21 August; to target one branch in every district

The India Post Payments Bank app which is expected to be launched on the same day will enable customers to pay for services of around 100 firms including phone recharges and bill, electricity bill, DTH service, college fees, etc., that are present on Bharat Bill payments system of NPCI

India Post Payments Bank to start operations soon with 650 branches, 17 cr accounts
Business

India Post Payments Bank to start operations soon with 650 branches, 17 cr accounts

The payments bank will gradually link all 1.55 lakh post offices in the country to offer the service.

Cash crunch: Cashless economy is still far away; govt hasn't done enough to push digital transactions
Business

Cash crunch: Cashless economy is still far away; govt hasn't done enough to push digital transactions

The steps thus far taken by the government are few and unsubstantial like 0.75 percent cash back on card payments in petrol bunks, waiver of user charges for online booking of rail tickets, etc.

RBI announces special measures on 31 March for transaction of government accounts
Business

RBI announces special measures on 31 March for transaction of government accounts

RBI has announced special measures for transaction of central and state government business by banks handling government accounts on 31 March