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UPI Lite wallet limit and transaction limits for feature phone users increased

The Reserve Bank on Wednesday announced the increase of the UPI Lite wallet limit to ₹5,000 and per…

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Bank NEFT transfers will be down for 14 hours on May 23

If you planning an online money transfer using the banking system between Saturday midnight and Sun…

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3 mins read

What is difference between RTGS and NEFT payments

A bank account is important for everyone. And in recent times, the government has been boosting up …

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RTGS will be available 24/7 starting December this year

In December 2019, the National Electronic Funds Transfer (NEFT) system was made available on a 24x7…

PTI   


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RTGS fund transfer system will be available 24x7 in the next few days, says RBI

Currently, RTGS is available for customers from 7.00 am to 6.00 pm on all working days of a wee…

PTI   


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UPI transactions drop in March, RTGS shoots up due to lockdown

The NPCI data on IMPS (Immediate Payment Service) revealed the number of transactions fell to 21.6…

PTI   


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Online fund transfers via NEFT and RTGS to cost less as charges are removed

“In order to provide an impetus to digital funds movement, it has been decided to do away with t…

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RBI to extend RTGS deadline to 6 p.m. from June 1

"It has been decided to extend the timings for customer transactions (initial cut-off) in RTGS …

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1 min read

NEFT can be done round the clock now, says RBI

The Reserve Bank of India said the National Electronic Funds Transfer would be available round th…

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India’s largest bank SBI waives off charges on NEFT, IMPS and RTGS

India’s largest public sector bank, State Bank of India (SBI) has waived off charges on National El…

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RBI moves to make online bank transfer cheaper, to review ATM charges

“In order to provide an impetus to digital funds movement, it has been decided to do away with t…

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Cyber frauds increased after growth in mobile banking, NEFT and RTGS

The number of cyber frauds in India has spiked as more people start using mobile banking, NEFT and …

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Customers at several small-sized banks affected as tech provider C-Edge suffers ransomware attack

The issues are being faced for the last two days after the discovery of a breach of the system…

PTI   


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RBI asks card network to restrain unauthorised commercial payment system

The Reserve Bank of India on Thursday restrained a card network, that had an arrangement to enable …

ANI   


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UPI transactions worth ₹18.2 lakh crore made in February 2024

Payments through digital means in India are hitting fresh highs, as its citizens are increasingly a…

ANI   


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RBI allows banks to issue RuPay prepaid forex cards

By promoting electronic payments, RuPay aligns with the Reserve Bank of India's goal of fostering a…

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Delhi HC seeks RBI stand on PIL seeking uniform banking code for foreign exchange transactions

The Delhi High Court on Monday sought a response from the Reserve Bank of India (RBI) on a Public I…

ANI   


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RBI directs all banks to keep branches open till March 31 for annual closing

The central bank has written a letter to all the agency banks that they should keep their designate…

ANI   


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IDFC First Bank announces zero-free banking on savings accounts

The Bank has waived off fees on 25 commonly-used banking services related to savings accounts such …

ANI