NEFT transactions to be made 24x7 from December 16
Bank customers will be able to transfer funds through NEFT around the clock on all days including weekends and holidays from December 16, the Reserve Bank of India announced on Friday.
From January, banks cannot charge you for online NEFT transactions
The RBI has mandated all banks to stop charging savings account customers ...
Transact round the clock: NEFT timings to change from December, RBI announces
Currently, the channel can only be used between 8am to 7pm on working days.
Transfer funds via NEFT 24X7 from December 2019
NEFT is a payment system facilitating funds transfers from one bank account to another.
SBI waives off charges on NEFT, RTGS and IMPS
With effect from July 1, 2019, no RTGS, NEFT charges will be levied on customers for transactions done via YONO, Internet banking and mobile banking.
Fund transfer via RTGS, NEFT set to get cheaper from Monday
After announcing its decision to waive all charges on fund transfer through RTGS and NEFT systems, RBI had also asked banks to pass on the benefits to customers from the same day.
BBPS biller categories expanded, 24x7 NEFT: RBI statement on developmental, regulatory changes
RBI Governor Shaktikanta Das lists out various developmental and regulatory policy measures in the areas of financial markets, payment and s...
Fund transfers via RTGS, NEFT to cost less from July 1
Country's largest bank SBI charges between Re 1 and Rs 5 for transactions through NEFT and between Rs 5 and Rs 50 for RTGS route.
RTGS system for customer transactions to open at 7 am from August 26: RBI
At present, the RTGS system is available for customer transactions from 0800 hours to 1800 hours and for inter-bank transactions from 0800 hours to 1945 hours.
RBI removes NEFT, RTGS payment charges to push digital transactions
RBI has removed charges for NEFT, RTGS payments. It has asked banks to pass on benefits to customers.
Key RBI announcements: 25 bps rate cut, ATM charge review and no NEFT RTGS transaction charge
In a unanimous decision by Monetary Policy Committee, the RBI on Thursday cemented its position as Asia’s most dovish central bank with a th...
1.75 lakh entities withdrew over Rs 1 crore each from bank accounts in 1 year
Through the proposed 2% TDS, govt hopes to improve tracking of entities that withdraw large amounts of cash.
Pay 2% surcharge for annual cash withdrawals exceeding Rs 1 crore : Nirmala Sitharaman
Quoting the multiple transaction modes available like NEFT, IMPS, RTGS and UPI, the minister said that there is an urgent need to adopt these payment modes instead of cash.
What a 25 bps cut from the RBI means for India, Modi and you
RBI's rate cut gives Modi govt a helping hand to crank up a growth that fell to a five-year low.
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