Search For "national electronic funds transfer"
RBI directs banks to implement beneficiary name look-up for RTGS, NEFT tra
Updated : 1 year, 4 months ago IST
The Reserve Bank of India (RBI) has directed banks giving Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) services to introduce beneficiary account name look-up facility to customers for fund Transfers by April 1, 2025.
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RBI offices to remain open for greater convenience of taxpayers on March 3
Updated : 2 years, 2 months ago IST
In a statement on special measures for the current financial year (2023-24) and in the wake of the annual closing of government accounts, the Reserve Bank said that electronic transactions can be done till the stipulated time on both days (March 30 and March 31).
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NEFT records a high of over 4 crore single-day transactions
Updated : 2 years, 2 months ago IST
The National Electronic Funds Transfer (NEFT) system has achieved a milestone by processing over 4 crore transactions, the highest number of transactions processed in a day so far.
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RBI directs all banks to keep branches open till March 31 for annual closi
Updated : 3 years, 2 months ago IST
The central bank has written a letter to all the agency banks that they should keep their designated branches open for over-the-counter transactions related to government transactions up to the normal working hours on March 31, 2023.
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IDFC FIRST announces zero-fee banking for 25 services in savings accounts
Updated : 3 years, 5 months ago IST
The Bank has waived off fees on 25 commonly-used banking services related to savings accounts such as cash deposit and withdrawal at branches, third-party cash transactions, demand drafts, immediate payment service (IMPS), National Electronic Funds Transfer (NEFT), Real Time Gross Settlement
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Yes Bank customers can use IMPS, NEFT to pay dues
Updated : 6 years, 2 months ago IST
Mumbai (Maharashtra) [India], Mar 10 (ANI): Yes Bank has enabled inward Immediate Payment Service (IMPS) and National Electronic Funds Transfer (NEFT) services.
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NEFT transaction facility available 24x7, says RBI
Updated : 6 years, 5 months ago IST
New Delhi [India], Dec 16 (ANI): A bank account holder can now transfer any value of money online anytime with the Reserve Bank of India (RBI) allowing the National Electronic Funds Transfer (NEFT) facility available for 24 hours a day throughout the year starting Monday.
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RBI asks banks not to charge savings account customers for NEFT
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Nov 8 (ANI): The Reserve Bank of India (RBI) on Friday mandated banks not to charge savings account holders for National Electronic Funds Transfer (NEFT) from January 2020.
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RBI to make NEFT available 24x7 for encouraging digital payments
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Aug 7 (ANI): The Reserve Bank of India (RBI) plans to make online payment system National Electronic Funds Transfer (NEFT) available round-the-clock in a bid to boost digital transactions.
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No charges for RTGS, NEFT transactions from July 1
Updated : 6 years, 11 months ago IST
New Delhi [India], June 11 (ANI): The Reserve Bank of India (RBI) on Tuesday directed banks to withdraw the charges levied on the National Electronic Funds Transfer (NEFT) and Real-Time Gross Settlement (RTGS) transactions with effect from July 1.
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RBI scraps charges for RTGS and NEFT transactions
Updated : 6 years, 11 months ago IST
Mumbai (Maharashtra) [India], June 6 (ANI): In an effort to boost digital payments, the Reserve Bank of India (RBI) on Thursday scrapped charges levied on Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) transactions.
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