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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
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…
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 …
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
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
INTERVIEW: Here’s why this cash management firm is going for an IPO when Indians are being pushed to go cashless
Mumbai-based cash management company CMS Info Systems that has opened its initial public offering (…
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
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…
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 …
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…
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…
Under the LTC cash voucher scheme, you can seek reimbursement for insurance premium paid between Oct 12-Mar 31
On October 12, the government announced the LTC cash voucher scheme under which employees can p…
PTI
RBI starts publishing daily data on select payment systems
The Reserve Bank captures volume and value of transactions undertaken in payments systems operated …
PTI
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
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
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…
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
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
Central bank digital currencies could save global corporations $100 billion per year, JPMorgan says
The 35-page report looked into a CBDC network that operates 24/7 and focused on Southeast Asia, whi…
Isabelle Lee
Paytm se UPI — a nod to cashless economy
Traditional methods of fund transfer, such as Immediate Payment Service (IMPS), Real Time Gross Set…