Tag: Neft

New Delhi: Around 46 per cent of citizens surveyed have said that their banks don’t disclose transaction fees when they do net banking. The survey, by citizen engagement platform LocalCircles, covered around 9,000 people, who were asked if their bank disclosed the transaction fee charged to them when they made online transactions like NEFT, RTGS […]

Mumbai: Fund transfer through RTGS and NEFT systems is set to become cheaper from Monday after the Reserve Bank of India decided it will not impose any charges on such transactions. After announcing its decision to waive all charges on fund transfer through RTGS and NEFT systems from July 1, the Reserve Bank of India […]

Mumbai: Come January 2020, and customers may not have to pay any charges for transactions done through the popular NEFT system. A proposal in this regard has been mooted by the RBI to give impetus to digital transactions on the third anniversary of demonetisation. The central bank has also proposed that FASTags would be enabled […]

Mumbai: The Reserve Bank of India (RBI) has decided to provide an additional collateralised intra-day liquidity facility for smooth operation of payment system National Electronic Funds Transfer (NEFT) on a round-the-clock basis from December 16, the central bank said. The move will aid the payment system become operational on a 24×7 basis. The facility is […]

Bhubaneswar: As earlier announced by Reserve Bank of India (RBI), the National Electronic Funds Transfer (NEFT) has been made available round-the-clock basis from today. With this, customers will be able to transfer money online NEFT process all throughout the day without any restriction. Moreover, NEFT settled over 11.40 lakh transactions between 12:00 am and 8:00 […]

New Delhi: Airtel Payments Bank on Thursday said it has enabled 24×7 NEFT transfers in line with the Reserve Bank of India’s (RBI) guidelines. Airtel Payments Bank customers will now be able to use the National Electronic Funds Transfer (NEFT) facility at any time of the day. The facility will be available to customers on a […]