ICICI, HDFC Bank change working hours, push customers to go digital amid coronavirus outbreak
ICICI Bank informed its customers through SMS that "our branches shall remain open with required hygiene steps and reduced staff". HDFC Bank has urged people to use cheque drop boxes to help reduce crowding in branches. However, customers can go digital to avail passbook updation and forex card reload, it said.
Yes Bank users can now make over Rs 2 lakh payments towards loans, credit cards via other bank a/cs
Current accounts can be also debited for ...
RBI considering giving fintech cos access to NEFT and RTGS clearing systems
The central bank may also soon introduce new payment umbrella org...
Airtel Payments Bank enables 24x7 NEFT transfers
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 24x7 basis even on holidays enabling then to receive or send funds to any bank from anywhere, anytime, the Bank said.
RBI reiterates usage of digital modes for banking transactions
The use of digital payment modes has become more important as the ongoing nationwide lockdown, imposed to maintain social distancing to contain the spread of coronavirus, has restricted the movement of people.
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.
Banks voice concern over RBI's 24x7 fund transfer decision
Lenders may face a problem in managing cash balances when money market is shut.
India starts round-the-clock payments for banks to manage funds
Round-the-clock service is expected to boost online transactions for customers and will go a long way in bolstering digital payments
RBI urges bank customers to adopt digital payment modes, launches Twitter campaign
The usage of digital modes to make transactions has become all the more important as the ongoing 21-day nationwide lockdown, imposed to maintain social distancing to contain the spread of the coronavirus, has restricted the movement of people.
Transfer money via NEFT 24x7 from Dec 16; from Jan 1 it will be free of cost. Here's all you need to know
NEFT allows individuals, firms, corporates to transfer money from one bank branch account to another one anywhere in the country. Earlier, this facility could be availed only on working days between 8:00 Am and 7:00 PM.
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.
Bank of Maharashtra gets government mandate to collect donations for PM Cares Fund
"One can also remit contributions directly by electronic clearing system (ECS) to the designated savings bank account of Bank of Maharashtra," the release said. The contribution made for the fund is 100 per cent exempted under Section 80G of the Income Tax Act.
RBI urges customers to use digital banking facilities amid coronavirus outbreak
NEFT is central bank-controlled interoperable payment channels used for fund transfer by a customer between different accounts. These transactions are done on time batches unlike RTGS which makes this mode of payments non- instantaneous.
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.
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