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RBI Seeks Public Opinion on Fees, Charges in Payments Systems: All Details
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...
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Government Brings 96% Post Offices Under Core Banking System
Around 96 per cent of post offices have been brought under core banking system to implement the "Anytime-Anywhere Post Office Savings" service
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RBI Allows Non-Bank Entities Access To Central Payment Systems
RBI has allowed non-bank payment system providers to participate in central payment systems namely RTGS and NEFT, in a phased manner.
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From Today, RTGS Payment System Available 24X7
The RTGS system is meant for high-value transactions, on a real-time basis
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RTGS Payment Facility To Start On 24X7 Basis From Monday
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
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RTGS Money Transfer Service To Be Operational 24x7 From December 14
The average ticket size for the RTGS in November 2020 was ₹57.96 lakh making it a large value payment system, said the Reserve Bank of India
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RTGS Payment System To Be Available On 24X7 Basis Soon
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
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Despite Government's Digitisation Drive, Cash Still Used For These Payments
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.
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RTGS Payment System To Be Available 24x7 From December: RBI Governor Shaktikanta Das
Currently, RTGS is available for customers from 7:00 am to 6:00 pm on all working days of a week, except second and fourth Saturdays of every month.
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Yes Bank Allows Loan, Credit Card Payments Above Rs 2 Lakh Via Other Bank Accounts
Yes Bank on Wednesday said its inward real-time gross settlement (RTGS) services have been enabled to allow customers to make payments towards their credit card dues and loan obligations from other bank accounts.
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Timings For Payment System RTGS To Change From August 26, Here's All You Need To Know
With effect from August 26, the RTGS system for customer transactions will open at 7 am, instead of the present 8 am. "In order to increase the availability of the RTGS system, it has been decided to extend the operating hours of RTGS and commence operations for customers and banks from 7:00 am," the central bank said in a statement.
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Payment System RTGS For Customer Transactions To Open Sooner From August 26
At present, the Real Time Gross Settlement (RTGS) System is available for customer transactions from 8 am to 6 pm.
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24-Hour Fund Transfers To Be Allowed Via Payment System NEFT From December
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.
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Online SBI Transactions: From Next Month, SBI Will Levy No Charges On These Fund Transfers
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...
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SBI To Remove Immediate Payment Service (IMPS) Charges From August 1: Ten Things To Know
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...
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RBI Seeks Public Opinion on Fees, Charges in Payments Systems: All Details
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...
-
Government Brings 96% Post Offices Under Core Banking System
Around 96 per cent of post offices have been brought under core banking system to implement the "Anytime-Anywhere Post Office Savings" service
-
RBI Allows Non-Bank Entities Access To Central Payment Systems
RBI has allowed non-bank payment system providers to participate in central payment systems namely RTGS and NEFT, in a phased manner.
-
From Today, RTGS Payment System Available 24X7
The RTGS system is meant for high-value transactions, on a real-time basis
-
RTGS Payment Facility To Start On 24X7 Basis From Monday
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 Money Transfer Service To Be Operational 24x7 From December 14
The average ticket size for the RTGS in November 2020 was ₹57.96 lakh making it a large value payment system, said the Reserve Bank of India
-
RTGS Payment System To Be Available On 24X7 Basis Soon
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
-
Despite Government's Digitisation Drive, Cash Still Used For These Payments
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.
-
RTGS Payment System To Be Available 24x7 From December: RBI Governor Shaktikanta Das
Currently, RTGS is available for customers from 7:00 am to 6:00 pm on all working days of a week, except second and fourth Saturdays of every month.
-
Yes Bank Allows Loan, Credit Card Payments Above Rs 2 Lakh Via Other Bank Accounts
Yes Bank on Wednesday said its inward real-time gross settlement (RTGS) services have been enabled to allow customers to make payments towards their credit card dues and loan obligations from other bank accounts.
-
Timings For Payment System RTGS To Change From August 26, Here's All You Need To Know
With effect from August 26, the RTGS system for customer transactions will open at 7 am, instead of the present 8 am. "In order to increase the availability of the RTGS system, it has been decided to extend the operating hours of RTGS and commence operations for customers and banks from 7:00 am," the central bank said in a statement.
-
Payment System RTGS For Customer Transactions To Open Sooner From August 26
At present, the Real Time Gross Settlement (RTGS) System is available for customer transactions from 8 am to 6 pm.
-
24-Hour Fund Transfers To Be Allowed Via Payment System NEFT From December
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 Transactions: From Next Month, SBI Will Levy No Charges On These Fund Transfers
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...
-
SBI To Remove Immediate Payment Service (IMPS) Charges From August 1: Ten Things To Know
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...
