Electronic Fund Transfer
- All
- News
- Videos
-
RBI Seeks Public Opinion on Fees, Charges in Payments Systems: All Details
The Reserve Bank of India (RBI) is seeking public opinion on fees and charges on payment systems including Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT) system, Real Time Gross Settlement (RTGS) system, Unified Payments Interface (UPI), and debit and credit cards. The central bank wants to make such transactions afford...
-
Strategic Investors Back Startup CelLink's $250 Million Funding Round
CelLink has developed a new method of connecting battery cells and packs, and transferring power and data across vehicle sensors, modules and electronic control units, according to the company.
-
NEFT Service Will Not Be Available For 14 Hours On May 23
The National Electronic Funds Transfer (NEFT) system will not be available from 12 am to 2 pm on May 23 so as "to enhance the performance and resilience," the Reserve Bank of India said in a tweet
-
RTGS Payment Facility To Start On 24X7 Basis From Monday
The RTGS system is meant for high-value transactions, on a real-time basis; the minimum amount that can be remitted through RTGS is Rs 2 lakh and there is no maximum limit
-
RTGS Payment System To Be Available On 24X7 Basis Soon
RTGS, which is meant for high-value instant fund transfers, is currently available on all working days of the week except the second and fourth Saturdays, between 7.00 am to 6.00 pm
-
Tamil Nadu Bans Online Gaming Involving Betting; Rs. 5,000 Fine, Imprisonment for Violators
An ordinance to "ban online gaming" involving betting, has been promulgated by the Tamil Nadu government in the backdrop of suicides by gamers who allegedly lost money, and any violation would attract both fine and imprisonment, ranging up to two years.
-
Customers Can Now Use IMPS, NEFT To Pay Dues, Says Yes Bank
Crisis-hit private sector lender Yes Bank said on Tuesday that customers can now make certain payments through its instant money transfer services National Electronic Funds Transfer (NEFT) and Immediate Payment Service (IMPS). In a post on Twitter in morning, Yes Bank said its customer can pay "their credit card dues" and "loans from other bank acc...
-
Reserve Bank Of India To Provide Free Round-The-Clock NEFT Payment Service
The facility is used to electronically transfer funds from one account to another of banks which are members of this system.
-
RBI To Provide Liquidity Facility To Make NEFT System 24x7
The Reserve Bank of India (RBI) has decided to provide an additional collateralised intra-day liquidity facility for smooth operation of National Electronic Funds Transfer (NEFT) payment system on a round-the-clock basis from December 16, the central bank said.
-
RBI To Make NEFT System Available 24x7 From December 16
The facility is used to electronically transfer funds of banks which are members of this system, from one account to another. "The system will be available on all days of the year, including holidays," RBI said in a notification.
-
Reserve Bank Of India Removes Charges On NEFT/RTGS Bank Transactions
The Real Time Gross Settlement System (RTGS) is meant for large-value instantaneous fund transfers while the National Electronic Funds Transfer (NEFT) System is used for fund transfers up to Rs 2 lakh.
-
Real-Time Gross Settlement (RTGS) Payments Are Now Available For 90 More Minutes
Public sector lender State Bank of India, and its private sector peers ICICI Bank and HDFC Bank, among several other financial institutions, are members of payments systems RTGS and National Electronic Funds Transfer (NEFT). There are more than 1.1 lakh RTGS-enabled bank branches, according to the RBI website.
-
Need To Make A Fund Transfer From Your SBI Account? Here Are Your Options
SBI online banking: From National Electronic Funds Transfer (NEFT) to Immediate Payment Service (IMPS) and Real-Time Gross Settlement (RTGS), SBI customers can remit funds using one of these payments systems. NEFT operates on a deferred net settlement basis, meaning the transactions are settled in batches as opposed to the continuous, individual se...
-
NEFT Charges, Timings, Transaction Limits Of Key Banks Explained Here
NEFT or National Electronic Funds Transfer works on a deferred net settlement basis, wherein transactions are lined up and settled in batches.
-
Instant Money Transfer: Charges Levied By Top Lenders For NEFT Transaction
In NEFT, fund transactions are executed in half-hourly batches. At present, most banks in the country support NEFT payments.
-
RBI Seeks Public Opinion on Fees, Charges in Payments Systems: All Details
The Reserve Bank of India (RBI) is seeking public opinion on fees and charges on payment systems including Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT) system, Real Time Gross Settlement (RTGS) system, Unified Payments Interface (UPI), and debit and credit cards. The central bank wants to make such transactions afford...
-
Strategic Investors Back Startup CelLink's $250 Million Funding Round
CelLink has developed a new method of connecting battery cells and packs, and transferring power and data across vehicle sensors, modules and electronic control units, according to the company.
-
NEFT Service Will Not Be Available For 14 Hours On May 23
The National Electronic Funds Transfer (NEFT) system will not be available from 12 am to 2 pm on May 23 so as "to enhance the performance and resilience," the Reserve Bank of India said in a tweet
-
RTGS Payment Facility To Start On 24X7 Basis From Monday
The RTGS system is meant for high-value transactions, on a real-time basis; the minimum amount that can be remitted through RTGS is Rs 2 lakh and there is no maximum limit
-
RTGS Payment System To Be Available On 24X7 Basis Soon
RTGS, which is meant for high-value instant fund transfers, is currently available on all working days of the week except the second and fourth Saturdays, between 7.00 am to 6.00 pm
-
Tamil Nadu Bans Online Gaming Involving Betting; Rs. 5,000 Fine, Imprisonment for Violators
An ordinance to "ban online gaming" involving betting, has been promulgated by the Tamil Nadu government in the backdrop of suicides by gamers who allegedly lost money, and any violation would attract both fine and imprisonment, ranging up to two years.
-
Customers Can Now Use IMPS, NEFT To Pay Dues, Says Yes Bank
Crisis-hit private sector lender Yes Bank said on Tuesday that customers can now make certain payments through its instant money transfer services National Electronic Funds Transfer (NEFT) and Immediate Payment Service (IMPS). In a post on Twitter in morning, Yes Bank said its customer can pay "their credit card dues" and "loans from other bank acc...
-
Reserve Bank Of India To Provide Free Round-The-Clock NEFT Payment Service
The facility is used to electronically transfer funds from one account to another of banks which are members of this system.
-
RBI To Provide Liquidity Facility To Make NEFT System 24x7
The Reserve Bank of India (RBI) has decided to provide an additional collateralised intra-day liquidity facility for smooth operation of National Electronic Funds Transfer (NEFT) payment system on a round-the-clock basis from December 16, the central bank said.
-
RBI To Make NEFT System Available 24x7 From December 16
The facility is used to electronically transfer funds of banks which are members of this system, from one account to another. "The system will be available on all days of the year, including holidays," RBI said in a notification.
-
Reserve Bank Of India Removes Charges On NEFT/RTGS Bank Transactions
The Real Time Gross Settlement System (RTGS) is meant for large-value instantaneous fund transfers while the National Electronic Funds Transfer (NEFT) System is used for fund transfers up to Rs 2 lakh.
-
Real-Time Gross Settlement (RTGS) Payments Are Now Available For 90 More Minutes
Public sector lender State Bank of India, and its private sector peers ICICI Bank and HDFC Bank, among several other financial institutions, are members of payments systems RTGS and National Electronic Funds Transfer (NEFT). There are more than 1.1 lakh RTGS-enabled bank branches, according to the RBI website.
-
Need To Make A Fund Transfer From Your SBI Account? Here Are Your Options
SBI online banking: From National Electronic Funds Transfer (NEFT) to Immediate Payment Service (IMPS) and Real-Time Gross Settlement (RTGS), SBI customers can remit funds using one of these payments systems. NEFT operates on a deferred net settlement basis, meaning the transactions are settled in batches as opposed to the continuous, individual se...
-
NEFT Charges, Timings, Transaction Limits Of Key Banks Explained Here
NEFT or National Electronic Funds Transfer works on a deferred net settlement basis, wherein transactions are lined up and settled in batches.
-
Instant Money Transfer: Charges Levied By Top Lenders For NEFT Transaction
In NEFT, fund transactions are executed in half-hourly batches. At present, most banks in the country support NEFT payments.
