RBI directs banks to implement beneficiary name look-up for RTGS

The Reserve Bank of India (RBI) has directed banks giving Real Time Gross Settlement (RTGS) and National Electronic...

RBI offices to remain open for greater convenience of taxpayers

In a statement on special measures for the current financial year (2023-24) and in the wake of the annual closing of...

NEFT records a high of over 4 crore single-day transactions

The National Electronic Funds Transfer (NEFT) system has achieved a milestone by processing over 4 crore...

RBI issues annual closing advisory to banks

The central bank has written a letter to all the agency banks that they should keep their designated branches open...

Zero-fee banking for 25 services in savings accounts: IDFC FIRST

The Bank has waived off fees on 25 commonly-used banking services related to savings accounts such as cash deposit...

Yes Bank customers can use IMPS, NEFT to pay dues

Mumbai (Maharashtra) [India], Mar 10 (ANI): Yes Bank has enabled inward Immediate Payment Service (IMPS) and...

NEFT transaction facility available 24x7, says RBI

New Delhi [India], Dec 16 (ANI): A bank account holder can now transfer any value of money online anytime with the...

RBI asks banks not to charge savings account customers for NEFT

Mumbai (Maharashtra) [India], Nov 8 (ANI): The Reserve Bank of India (RBI) on Friday mandated banks not to charge...

RBI to make NEFT available 24x7 for encouraging digital payments

Mumbai (Maharashtra) [India], Aug 7 (ANI): The Reserve Bank of India (RBI) plans to make online payment system...

No charges for RTGS, NEFT transactions from July 1

New Delhi [India], June 11 (ANI): The Reserve Bank of India (RBI) on Tuesday directed banks to withdraw the charges...

RBI scraps charges for RTGS and NEFT transactions

Mumbai (Maharashtra) [India], June 6 (ANI): In an effort to boost digital payments, the Reserve Bank of India (RBI)...