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NEFT TRANSFERS
RBI changes domestic money transfer rules: How much cash can you send or receive without a bank account?The Reserve Bank of India has announced immediate changes to its regulations regarding domestic money transfers. These new guidelines aim t...
RBI issues new domestic money transfer guidelines, retains Rs 50,000 NEFT remittance limitThe Reserve Bank of India has issued new guidelines for domestic money transfers in India. It allows customers to remit up to Rs 50,000 thr...
Central cyber security agency warns banks, NBFCs of AI attacks; I4C reveals how hackers are executing multi-crore fraudsI4C has warned banks, NBFCs and fintech firms about AI-powered cyberattacks that enable hackers to execute fraudulent transactions at machi...
RBI data centre to strengthen payment systems, cyber resilienceThe Reserve Bank of India inaugurated a new sovereign data centre to enhance the resilience of financial services and reduce reliance on th...
UPI handles nearly 80 crore transactions daily, says Nirmala SitharamanUnion Finance Minister Nirmala Sitharaman highlighted the impressive growth of India's digital payments ecosystem. The Unified Payments Int...
Real-time payments explained: How money moves between bank accounts in secondsReal-time payments allow money to move between bank accounts within seconds, making transactions faster and more convenient for consumers a...
SBI probes suspected data breach after 3.75 lakh records surface on dark webState Bank of India is investigating a suspected data breach involving approximately 3.75 lakh records found online. The bank has engaged c...
Cyberattacks affect 20 financial institutions; CERT-In warns on API vulnerabilities and security measuresAround 20 financial institutions were affected by cyberattacks earlier this month, with hackers allegedly exploiting stolen partner-bank cr...
Are banks open tomorrow on October 2 for Gandhi Jayanti? Check government, private bank holiday statusBanks will be closed across India on October 2, 2026, as branches observe Gandhi Jayanti, including SBI and banks in the public, private, f...
SBI ATM charges to be waived during proposed bank strike of September 28-30: What customers need to knowAs the nation prepares for a bank strike from September 28 to September 30, 2026, the State Bank of India has decided to eliminate ATM char...
How will MDR on UPI affect your mutual fund investments? Will AMCs and brokers pass on the costs to users?The introduction of a 0.02% merchant discount rate will impact specific mutual fund and broking transaction payments. One-time investments ...
UPI for mutual funds: Benefits, limits and impact of new MDR explainedUnified Payments Interface (UPI) enables convenient investment in mutual funds through instant payments and SIPs. Investors appreciate UPI ...
Pass the buck to RBI, banks: Let the savings from digital payments fund UPI costs, not consumersThe RBI's MDR introduction on UPI transactions above ₹2,000 faces criticism. This move may discourage digital payments and encourage a retu...
New UPI MDR Explained: Impact on mutual funds, brokers & investorsThe implementation of a new 0.02% merchant discount rate will influence certain UPI transactions, including one-time contributions to mutua...
Transfer via NEFT, RTGS: What happens if money is not credited to beneficiary account on time, penalty banks have to payIf it is not possible to pay credit to the beneficiary's account for any reason, originating banks must return the transaction (to the orig...
NEFT, RTGS charges: SBI vs HDFC Bank vs ICICI Bank vs PNBBanks do charge for transactions conducted in branches. NEFT and RTGS fees charged by banks such as SBI, HDFC Bank, ICICI Bank, and Punjab ...
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...
Transfer money via NEFT 24x7 from Dec 16; from Jan 1 it will be free of cost. Here's all you need to knowNEFT allows individuals, firms, corporates to transfer money from one bank branch account to another one anywhere in the country. Earlier, ...
India starts round-the-clock payments for banks to manage fundsRound-the-clock service is expected to boost online transactions for customers and will go a long way in bolstering digital payments
RBI enables faster money transfer by finetuning NEFT frameworkThe increase of the number of cycle to 23 from the current 12 will allow faster settlement of funds and more funds to settle in a day.