India and Singapore have completed technical preparations to link their fast payment systems UPI and PayNow to enable fund transfers between the two countries instantaneously and at low cost, a move which is aimed at benefitting migrant workers.
New Delhi [India] April 13 (ANI/ATK): To serve needy families across the state of Kolkata, Sufi Humanity Foundation, a no cash or fund transfer NGO under the leadership of Sofia Khan is on a mission to feed 1 million in slum areas of Jorasanko and outskirts of Kolkata.
Udhampur (Jammu and Kashmir) [India], June 8 (ANI): Development works in panchayats are in full swing in Jammu and Kashmir despite COVID-19 induced lockdown in the region.
Mumbai (Maharashtra) [India], May 17 (ANI): The National Electronic Fund Transfer (NEFT) service will not be available for 14 hours on May 23, the Reserve Bank of India (RBI) said on Monday.
Mumbai (Maharashtra) [India], Apr 15 (ANI): The Real Time Gross Settlement (RGTS) service for fund transfers will not be available for 14 hours on April 18, the Reserve Bank of India (RBI) has said.
New Delhi [India], October 13 (ANI): Payment gateway service provider Paytm on Tuesday launched a same-day settlement facility for all kinds of fund transfers on its payment gateway to help businesses that depend upon immediate availability of funds to pay down-stream partners.
New Delhi [India], Aug 18 (ANI): The Supreme Court on Tuesday held that the money in the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund cannot be directed to be deposited or transferred to the National Disaster Response Fund.
Kolkata (West Bengal) [India], Aug 28 (ANI): Accusing the Centre of snatching the Reserve Bank of India's (RBI) autonomy, economist Abhirup Sarkar on Tuesday said that the central bank's decision to transfer Rs 1.76 lakh crore to the government would harm the economy in the long run.
New Delhi (India), May 28 (ANI): With an aim to ease high-value fund transfers, the Reserve Bank of India (RBI) on Tuesday announced an extension of timings for customer transactions through Real Time Gross Settlement (RTGS) by one and half hours.