Tag: Rtgs

RBI Allows Card Networks, Wallets To Access RTGS, NEFT

Direct access for non-banks to CPS lowers the overall risk in the payments ecosystem

RTGS Facility To Be Available 24X7 From Tonight; Click For Latest Updates

Bhubaneswar: The Real Time Gross Settlement System (RTGS) will be available round the clock on all days from December 14. The Reserve Bank Of India (RBI) Governor Shakti Kant Das informed that, “RTGS facility becomes operational 24X7 from 12.30 pm tonight. Congratulations to the teams from RBI, IFTAS and the service partners who made this […]

RBI increase RTGS Operation
Big News! RTGS Facility To Be Available 24X7; Click For Latest Updates

Bhubaneswar: The real-time gross settlement (RTGS) payment system will be available round the clock from December 14, the Reserve Bank Of India (RBI) said on Friday. The RTGS System, which is used for high value transactions, will be available for customers and inter-bank transactions round the clock, except for the interval between ‘end-of-day’ and ‘start-of-day’ […]

Google Wants US Fed Reserve To Follow India's UPI Example

New Delhi: In a thumbs up to the Indian government’s Unified Payments Interface (UPI) scheme, Google has written to the US Federal Reserve Board detailing the successful example of UPI-based digital payment in India in order to build “FedNow” — a new interbank real-time gross settlement service (RTGS) for faster digital payments in the US. […]

SBI-guidelines-online-banking and ATM transactioni
Big News! SBI waives off RTGS, NEFT charges for internet, mobile transactions

Bhubaneswar: In a bid to provide impetus for digital transactions, the State Bank of India (SBI) today waived off RTGS and NEFT charges for YONO, internet banking (INB) and mobile banking (MB) customers. SBI will waive-off the IMPS charge on fund transfer effective from August 1, 2019. The SBI IMPS charge will be ‘Nil’ for […]

Fund transfer via RTGS, NEFT set to get cheaper from Monday

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 […]

net banking
46% citizens say banks do not disclose transaction fee for net banking: Survey

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 […]