Pay Point India becomes first fintech to join RBI's Centralised Payment SystemWith this membership, Pay Point India now has direct access to key payment systems—Real Time Gross Settlement and National Electronic Funds...
22 Apr, 2026, 05.59 PM IST
NEFT records 4.1 cr transactions on Feb 29, highest single-day volumeThe NEFT recorded its highest ever single-day transactions on February 29, with 4.10 crore transactions processed. NEFT and RTGS have seen ...
01 Mar, 2024, 08.35 PM IST
As India connects to UPI, NEFT and debit card usage takes a hitIn terms of the amount settled, debit card transactions are just a third of the amount settled through UPI during the month. In value terms...
27 Dec, 2023, 12.18 AM IST
PNB hikes RTGS, NEFT charges, revises NACH e-mandate feesThe bank has proposed an increase in RTGS and NEFT fees, which took effect on May 20, 2022. The bank also changed the e-mandate fees for th...
31 May, 2022, 04.12 PM IST
Transactions on UPI platform could shift business away from NEFT: DataCentral bank data showed that overall retail credit transfers through various platforms rose 20% in value and 77% in volume in December 202...
21 Feb, 2022, 11.16 PM IST
Round-the-clock RTGS from December 14The RBI said India will become one of the few countries in the world to operate its RTGS system round-the-clock throughout the year.
13 Dec, 2020, 03.53 PM IST
11.40 lakh transactions settled in 8 hours after RBI operationalises NEFT 24X7The RBI now joins an elite club of countries having payment systems which enable round-the-clock funds transfer and settlement of any value...
16 Dec, 2019, 08.15 PM IST
Transact round the clock: NEFT timings to change from December, RBI announcesCurrently, the channel can only be used between 8am to 7pm on working days.
07 Aug, 2019, 04.16 PM IST
SBI waives off charges on NEFT, RTGS and IMPSWith effect from July 1, 2019, no RTGS, NEFT charges will be levied on customers for transactions done via YONO, Internet banking and mobil...
12 Jul, 2019, 04.08 PM IST
RBI removes NEFT, RTGS payment charges to push digital transactionsRBI has removed charges for NEFT, RTGS payments. It has asked banks to pass on benefits to customers.
12 Jul, 2019, 04.08 PM IST
Fund transfer via RTGS, NEFT set to get cheaper from MondayAfter announcing its decision to waive all charges on fund transfer through RTGS and NEFT systems, RBI had also asked banks to pass on the ...
30 Jun, 2019, 03.42 PM IST
Fund transfers via RTGS, NEFT to cost less from July 1Country'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.
11 Jun, 2019, 09.13 PM IST
- RBI doubles online money transfer limit via RTGS to Rs 2 lakh
The Reserve Bank has doubled the threshold limit for electronic fund transfers using the Real Time Gross Settlement (RTGS) system to Rs 2 l...
03 Nov, 2010, 08.43 PM IST
- RBI to phase out high value clearing
High value clearing, the facility that enables depositors to encash cheques drawn for over Rs 1 lakh the next day, is set to be phased out.
16 Apr, 2009, 02.00 AM IST
- E-payment likely to gain currency as RBI cuts fee
Electronic payment services are being more attractive. Consumers will not be charged any fee now for receiving money from other bank accoun...
10 Oct, 2008, 01.10 AM IST
- E-transactions see a three-fold rise since Apr'07
Online cash transactions are gaining currency, with more people preferring to send & receive money electronically. Online banking safety ch...
02 Sep, 2008, 02.00 PM IST
- Now use NEFT for small transactions
Your transactions below Rs 1 lakh will be routed via National Electronic Funds Transfer, instead of RTGS.
06 Dec, 2006, 01.33 AM IST