Money transfer via RTGS, NEFT: The Reserve Bank of India (RBI) has suggested a new functionality that permits remitters using RTGS and NEFT...

Minimum balance charges: The minimum balance required can differ based on the type of savings account and the complimentary services provid...

IMPS has a cutting-edge service that enables quick and secure movement of funds between banks in India while also being cost-efficient. Let...

The State Bank of India (SBI) has launched a video-based account opening function that will let customers register SBI accounts online with...

The National Highway Authority of India operates the FASTag, an electronic toll collection system in India. From January 15, 2020, FASTags ...

IMPS is a popular payment service provided by banks to allow real-time inter-bank fund transfer which is available 24 X 7 including on Sund...

Customers with ICICI Bank credit cards would have to pay a transaction charge on cash advances of 2.50 percent on advanced sums on all card...

SBI recently announced that it has increased the Immediate Payment Service (IMPS) limit for money transfers done at its bank branches.

A report by IIT-Mumbai said that during April 2017 to September 2020, SBI had collected over Rs 254 crore towards at least 14 crore UPI/ Ru...

The study observed that the SBI's decision to levy a charge of Rs 17.70 for every debit transaction beyond four by the BSBDA account holder...

NEFT is a payment system facilitating funds transfers from one bank account to another.

With effect from July 1, 2019, no RTGS, NEFT charges will be levied on customers for transactions done via YONO, Internet banking and mobil...

Peer-to-peer (P2P) transfers under UPI are currently free but businesses are charged for receiving payments via this mobile-based system.

State Bank of India had been charging Rs 5 along with the applicable service tax for IMPS fund transfer of up to Rs 1,000.

HDFC Bank said that UPI-based payments up to Rs 25K will be charged Rs 3 plus service tax and above Rs 25K to Rs 1L will be charged Rs 5 al...

"If a customer has money in SBI Buddy, our mobile wallet, he can now withdraw that money through ATMs. These facilities were not available ...

A new financial year starts tomorrow. Old rules are applicable only till today. There are a host of services for which you'll have to shell...