Neft

The Reserve Bank of India (RBI) is seeking public opinion on fees and charges on payment systems including Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT) system, Real Time Gross Settlement (RTGS) system, Unified Payments Interface (UPI), and debit and credit cards. The central bank wants to make such transactions afford...

Around 96 per cent of post offices have been brought under core banking system to implement the "Anytime-Anywhere Post Office Savings" service

RBI has allowed non-bank payment system providers to participate in central payment systems namely RTGS and NEFT, in a phased manner.

The National Electronic Funds Transfer (NEFT) system will not be available from 12 am to 2 pm on May 23 so as "to enhance the performance and resilience," the Reserve Bank of India said in a tweet

The RTGS system is meant for high-value transactions, on a real-time basis; the minimum amount that can be remitted through RTGS is Rs 2 lakh and there is no maximum limit

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

4 Years After Demonetisation: Digital payments made through RTGS, credit transfers such as NEFT, UPI, AePS, IMPS, etc, card payments etc grew 135.4 per cent from 1,459.02 crore in 2017-18 to 3,434.55 crore in 2019-20.

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...

The facility is used to electronically transfer funds from one account to another of banks which are members of this system.

The Reserve Bank of India (RBI) has decided to provide an additional collateralised intra-day liquidity facility for smooth operation of National Electronic Funds Transfer (NEFT) payment system on a round-the-clock basis from December 16, the central bank said.

The facility is used to electronically transfer funds of banks which are members of this system, from one account to another. "The system will be available on all days of the year, including holidays," RBI said in a notification.

The central bank has also proposed that FASTags would be enabled to pay for parking fee and even at fuel stations.

In its Payment System Vision 2021 document, the RBI had said that it will make available the NEFT system on a 24x7 basis from December 2019.

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...

The Reserve Bank of India (RBI) is seeking public opinion on fees and charges on payment systems including Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT) system, Real Time Gross Settlement (RTGS) system, Unified Payments Interface (UPI), and debit and credit cards. The central bank wants to make such transactions afford...

Around 96 per cent of post offices have been brought under core banking system to implement the "Anytime-Anywhere Post Office Savings" service

RBI has allowed non-bank payment system providers to participate in central payment systems namely RTGS and NEFT, in a phased manner.

The National Electronic Funds Transfer (NEFT) system will not be available from 12 am to 2 pm on May 23 so as "to enhance the performance and resilience," the Reserve Bank of India said in a tweet

The RTGS system is meant for high-value transactions, on a real-time basis; the minimum amount that can be remitted through RTGS is Rs 2 lakh and there is no maximum limit

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

4 Years After Demonetisation: Digital payments made through RTGS, credit transfers such as NEFT, UPI, AePS, IMPS, etc, card payments etc grew 135.4 per cent from 1,459.02 crore in 2017-18 to 3,434.55 crore in 2019-20.

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...

The facility is used to electronically transfer funds from one account to another of banks which are members of this system.

The Reserve Bank of India (RBI) has decided to provide an additional collateralised intra-day liquidity facility for smooth operation of National Electronic Funds Transfer (NEFT) payment system on a round-the-clock basis from December 16, the central bank said.

The facility is used to electronically transfer funds of banks which are members of this system, from one account to another. "The system will be available on all days of the year, including holidays," RBI said in a notification.

The central bank has also proposed that FASTags would be enabled to pay for parking fee and even at fuel stations.

In its Payment System Vision 2021 document, the RBI had said that it will make available the NEFT system on a 24x7 basis from December 2019.

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...