NEFT

NEFT and RTGS services of the banks can continue up to midnight.The development by the central bank is against the backdrop to account for all the government transactions in the same financial year.The Reserve Bank Of India has ordered…

NEFT transfers are accessible around the clock.An RTGS payment requires a minimum transfer of Rs 2 lakh.Internet banking or UPI has become a part of our daily life. One dilemma we all might have faced is which is better: NEFT, IMPS, or…

Earlier, RBI had plans to levy charges for payment systems including UPI, NEFT and IMPS Earlier, RBI had plans to levy charges for payment systems including UPI, NEFT and IMPS The Finance Ministry on Sunday called UPI services a ‘digital…

RBI had earler, floated a paper on levying charges for payment systems including UPI, NEFT and IMPS RBI had earler, floated a paper on levying charges for payment systems including UPI, NEFT and IMPS The Finance Ministry on Sunday called…

MUMBAI: The Reserve Bank of India (RBI), in a discussion paper on charges in the payments system, has flagged capping credit card fees as one of the issues to be considered. According to the report, the same limit the RBIapplies on debit…

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The Reserve Bank on Wednesday sought views from the public on fees and charges in payment systems, with an aim to make such transactions affordable as well as economically remunerative for the entities involved. The payment systems include…

Image Source : FILE PHOTO On Central Bank Digital Currencies, the document said CBDC has been gaining much traction with 86 per cent of the central banks globally reviewing its feasibility for cross-border transactions as well as for…

PNB Rules Change: Punjab National Bank has revised several of its banking and non banking charges. The public sector lender hiked its marginal cost of lending rate (MCLR), with effect from June 1, Wednesday. The marginal cost of lending…

Mumbai: Several cryptocurrency exchanges are facilitating peer-to-peer (P2P) deals while some platforms are directly accepting deposits from coin buyers to overcome the curbs imposed by banks and payment companies amid the Reserve Bank of…