Saturday bank holiday: Are banks open or closed today on May 2, 2026?Banks in India are not open on all Saturdays. So anyone willing to complete their bank work today (Saturday, May 2, 2026) must check if ban...
04 May, 2026, 05.56 PM IST
NEFT, RTGS rule change: Verify beneficiary names easily with new account name lookup facility; when can you use it?NEFT, RTGS rule change: There have been many instances where remitters remitted funds to the wrong beneficiary. This new rule will help to ...
31 Dec, 2024, 03.12 PM IST
Beneficiary account name look-up facility for RTGS, NEFT transactions soon; how it will reduce wrong money transfersMoney transfer via RTGS, NEFT: The Reserve Bank of India (RBI) has suggested a new functionality that permits remitters using RTGS and NEFT...
09 Oct, 2024, 02.39 PM IST
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...
26 May, 2023, 01.12 PM IST
NEFT, RTGS facility to be available for post office savings account holders from this dateThis facility enables Post Office Savings Bank customers to transfer funds to and from other bank accounts to POSB accounts in Department o...
19 May, 2022, 12.41 PM IST
You can soon send money using NEFT, RTGS via a non-bank entityThe central bank has announced that it will allow non banks entities like prepaid instruments issuers, card networks and white level ATMs. ...
07 Apr, 2021, 11.04 AM IST
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, ...
14 Dec, 2020, 02.30 PM IST
RTGS to be made available 24X7 in next few days: RBI GovernorCurrently, RTGS is available for customers from 7.00 am to 6.00 pm on all working days of a week, except second and fourth Saturdays of eve...
04 Dec, 2020, 12.12 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
RBI extends last cut-off timing for RTGS transactions from 4.30 pm to 6pmEffectively, the transactions will now take place under three windows: 8am to 11am, 11am to 1am and 1am to 6pm.
28 May, 2019, 08.45 PM IST
New RTGS system to be operational from Oct 19: RBIRBI today said the new RTGS system, a mechanism that transfers money from one bank to another in real time, will be operational from Octobe...
11 Oct, 2013, 10.13 PM IST
How the fastest money transfer system through banking channel worksRs 1 lakh This is the minimum amount that can be remitted through RTGS. No minimum or maximum stipulation has been fixed for EFT and NEFT t...
25 Jun, 2012, 08.51 AM IST
- Fund transfer system seen vulnerable after RTGS glitch
Bankers familiar with the development told ET that while bunching of remittances is an often-enough occurrence (four to five times a year) ...
10 Dec, 2009, 04.44 AM IST
- 'Real' customer services from the banking sector
Internet and mobile banking brought about a revolution in the banking sector.
21 Aug, 2008, 12.00 AM IST
- Surplus liquidity takes a dip in Aug
Surplus liquidity with banks has ebbed to around Rs 30,000 crore in August, down from an average of Rs 50,000 crore in Q1 ’06-07, as the go...
17 Aug, 2006, 01.57 AM IST
- BSNL to switch to e-payments
State-owned telecom behemoth Bharat Sanchar Nigam(BSNL) will shortly abandon payment of its vendor bills by cheque.
04 Jul, 2006, 12.50 AM IST