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RTGS PAYMENT SYSTEM
RBI plans simpler cross-border payment approvals to boost MSMEs, exporters: EY reportThe Reserve Bank of India (RBI) is looking to simplify cross-border payment approvals and reduce regulatory friction for businesses and exp...- Nashik Kumbh Mela 2027: Maharashtra government approves Rs 2,267 crore to acquire 191.21 acres of landThe Maharashtra government has allocated Rs 2,267 crore toward acquiring land for the Sadhu Gram initiative. This area will be used for hos...
- Mastercard to look beyond card biz; target tier 3 & 4 markets for growthMastercard is targeting India's expanding credit-on-UPI market. The company is looking beyond traditional card payments for future growth. ...
- UPI transactions soar to record of Rs 29.9 lakh crores in MayUnified Payments Interface transactions reached record highs in May. Summer travel and the IPL fueled this surge. Value and volume of trans...
- Saturday bank holiday: Are banks open or closed today on May 23, 2026?Bank holiday today: Planning a bank visit today, May 23, 2026? First check whether banks are open in their city, as closures may vary depen...
- UPI processes 85% of India's payment volumes but just 9.5% of value; RTGS dominates at 68.6%UPI processed most payment transactions in India by volume in late 2025. RTGS handled significant value with low volume. NEFT offered versa...
- 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...
- 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...
- 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 ...
- 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...
- Rebooting ease of trade: RTGS 24x7, 365 days is a game changer for markets, businessesCentral bank governor Shaktikanta Das had said he expects the move to foster innovation in the large-value payments ecosystem, helping comp...
- India's RTGS channel to be available round the clock from December 14Currently, the RTGS facility is available between 7 AM and 6 PM on all working days except for the second and fourth Saturdays of the month...
- 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.
- 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.
- Deadline for banks to shift to new RTGS standards extendedThe Reserve Bank has extended the timeline for banks to adopt new messaging standards in RTGS payment platform to March 31, 2014.
- New RTGS system to improve financial market efficiency: Raghuram RajanRBI Governor said the new real time gross settlement (RTGS) system for fund transfers will improve the efficiency of the country's markets.
- RBI allows RRBs, cooperative banks to transfer funds onlineThe Reserve Bank today allowed regional rural banks (RRBs) and cooperative banks to participate in the centralised payment systems.
- E-payment likely to gain currency as RBI cuts feeElectronic payment services are being more attractive. Consumers will not be charged any fee now for receiving money from other bank accoun...
- Forget cheques, get money real timeIn a couple of years, demand drafts and cheques will be history, as money will be transmitted real-time.
- BSNL to switch to e-paymentsState-owned telecom behemoth Bharat Sanchar Nigam(BSNL) will shortly abandon payment of its vendor bills by cheque.
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