From January, banks cannot charge you for online NEFT transactions
The RBI has mandated all banks to stop charging savings account customers for NEFT use from Jan '20.
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 transactio...
RTGS system for customer transactions to open at 7 am from August 26: RBI
At present, the RTGS system is available for customer transactions ...
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.
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.
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.
RBI extends last cut-off timing for RTGS transactions from 4.30 pm to 6pm
Effectively, the transactions will now take place under three windows: 8am to 11am, 11am to 1am and 1am to 6pm.
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.
Bank branches dealing with government business to remain open this Sunday: RBI
"The Government of India has advised that all Pay and Account Offices will remain open on March 31, 2019 (Sunday) to facilitate government receipt and payment transactions," RBI said in a circular.
Here's the wishlist global ePayment firms have made for RBI
Suggestions range from creating a level playing field to formation of bulk payment networks like RTGS.
Madhya Pradesh government draws up plan to offer Rs 50,000 crore waiver
MP government aims to start transferring money directly into the bank loan accounts of farmers across the state, which would mean that the bank would immediately adjust the same against the outstanding loan.
The challenges behind Bank of Baroda, Vijaya Bank & Dena Bank merger
The task at hand for Jayakumar, Sankara Narayanan and Karnam Sekar is of monstrous proportions.
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