Instant Money Transfer

The Russian President fears the risks that come with cryptocurrencies, which are decentralised and unregulated assets, capable of facilitating instant money transfers without geographical restrictions.

MoneyGram's integration with Stable will enable payouts in local currency for consumers using USDC and near-instant backend settlements.

Being able to transfer money instantly, without visiting a bank branch or ATM, makes mobile wallets attractive

RTGS, which is meant for high-value instant fund transfers, is currently available on all working days of the week except the second and fourth Saturdays, between 7.00 am to 6.00 pm

Brazil's central bank on Monday launched an instant payments platform that will speed up and simplify transactions, as well as foster financial sector competition and lure in new players such as big techs Facebook and Google.

Crisis-hit private sector lender Yes Bank said on Tuesday that customers can now make certain payments through its instant money transfer services National Electronic Funds Transfer (NEFT) and Immediate Payment Service (IMPS). In a post on Twitter in morning, Yes Bank said its customer can pay "their credit card dues" and "loans from other bank acc...

Online SBI internet banking: From July 1, SBI waived its charges on RTGS and NEFT transactions initiated through online banking and YONO. From August 1, the country's largest bank has decided to waive its charges applicable to IMPS transactions initiated through net banking, mobile banking as well as mobile app YONO. From the same day, it has also...

State Bank of India or SBI, the largest commercial bank in the country, has decided to do away with IMPS (Immediate Payment Service) charges for its internet banking, mobile banking and YONO (You Only Need One) customers. The IMPS charge will be nil for such customers, with effect from August 1, SBI said in a statement. For bank branches, SBI has a...

SBI online banking: From National Electronic Funds Transfer (NEFT) to Immediate Payment Service (IMPS) and Real-Time Gross Settlement (RTGS), SBI customers can remit funds using one of these payments systems. NEFT operates on a deferred net settlement basis, meaning the transactions are settled in batches as opposed to the continuous, individual se...

SBI online Instant Money Transfer through internet banking portal (onlineSBI.com): An online service by State Bank of India, the Instant Money Transfer or IMT service, enables users to electronic instant transfers of money to other account holders. This online service supports transfers of a minimum Rs 100 and in its multiples up to Rs 10,000 per t...

Amazon Pay on Monday launched person-to-person (P2P) payments for Android users who can now make instant bank-to-bank transferss.

SBI's NEFT: SBI charges a certain amount from their customers per NEFT transaction, depending on the mode of transaction - whether it is through online/mobile banking or through a bank branch - and amount of money.

IMPS is an instant payments service that enables round-the-clock money transfer through the use of mobile app

In NEFT, fund transactions are executed in half-hourly batches. At present, most banks in the country support NEFT payments.

The maximum amount that can be transferred via IMPS is Rs 2 lakh. This facility is available only via internet banking.

The Russian President fears the risks that come with cryptocurrencies, which are decentralised and unregulated assets, capable of facilitating instant money transfers without geographical restrictions.

MoneyGram's integration with Stable will enable payouts in local currency for consumers using USDC and near-instant backend settlements.

Being able to transfer money instantly, without visiting a bank branch or ATM, makes mobile wallets attractive

RTGS, which is meant for high-value instant fund transfers, is currently available on all working days of the week except the second and fourth Saturdays, between 7.00 am to 6.00 pm

Brazil's central bank on Monday launched an instant payments platform that will speed up and simplify transactions, as well as foster financial sector competition and lure in new players such as big techs Facebook and Google.

Crisis-hit private sector lender Yes Bank said on Tuesday that customers can now make certain payments through its instant money transfer services National Electronic Funds Transfer (NEFT) and Immediate Payment Service (IMPS). In a post on Twitter in morning, Yes Bank said its customer can pay "their credit card dues" and "loans from other bank acc...

Online SBI internet banking: From July 1, SBI waived its charges on RTGS and NEFT transactions initiated through online banking and YONO. From August 1, the country's largest bank has decided to waive its charges applicable to IMPS transactions initiated through net banking, mobile banking as well as mobile app YONO. From the same day, it has also...

State Bank of India or SBI, the largest commercial bank in the country, has decided to do away with IMPS (Immediate Payment Service) charges for its internet banking, mobile banking and YONO (You Only Need One) customers. The IMPS charge will be nil for such customers, with effect from August 1, SBI said in a statement. For bank branches, SBI has a...

SBI online banking: From National Electronic Funds Transfer (NEFT) to Immediate Payment Service (IMPS) and Real-Time Gross Settlement (RTGS), SBI customers can remit funds using one of these payments systems. NEFT operates on a deferred net settlement basis, meaning the transactions are settled in batches as opposed to the continuous, individual se...

SBI online Instant Money Transfer through internet banking portal (onlineSBI.com): An online service by State Bank of India, the Instant Money Transfer or IMT service, enables users to electronic instant transfers of money to other account holders. This online service supports transfers of a minimum Rs 100 and in its multiples up to Rs 10,000 per t...

Amazon Pay on Monday launched person-to-person (P2P) payments for Android users who can now make instant bank-to-bank transferss.

SBI's NEFT: SBI charges a certain amount from their customers per NEFT transaction, depending on the mode of transaction - whether it is through online/mobile banking or through a bank branch - and amount of money.

IMPS is an instant payments service that enables round-the-clock money transfer through the use of mobile app

In NEFT, fund transactions are executed in half-hourly batches. At present, most banks in the country support NEFT payments.

The maximum amount that can be transferred via IMPS is Rs 2 lakh. This facility is available only via internet banking.