Page 2 - Neft

RBI allows card issuers, white label ATMs to take direct membership in CPS

Central payment system constitutes real-time gross settlement (RTGS) and national electronic fund transfer (NEFT).

Retail cheque payments down to a trickle in FY20 to 2.96%: RBI data

That the efforts towards digitization have been very successful is clear from the steady fall in the share of paper clearing

Govt announces norms for contributions by individuals, institutions to NDRF

These contributions have been allowed as per Section 46(1)(b) of the Disaster Management Act, 2005

YES Bank customers shocked over moratorium; ATMs, branches run our of cash

RBI on Thursday imposed a month-long moratorium on YES Bank citing "serious deterioration in its financial position"

Hit by technical glitch for 12 hrs, RTGS, NEFT transactions restored at RBI

Transactions via NEFT and RTGS were affected for almost 12 hours beginning Monday midnight

Reader's corner: Can motor insurance policy be transferred to a new car?

You need to inform to the insurance company about any changes or modification you have done to the insured vehicle, says expert

RBI opens 24x7 NEFT window; over 1.14 mn transactions done in first 8 hours

The facility will be available on all days of the year including holidays

New intraday liquidity window for NEFT settlement from Monday, says RBI

All banks will be eligible for the intraday facility, but the limit will be set by the RBI from time to time

Part Panglossian, part floccinaucinihilipication: Governor Das marches on

Sachin Chaturvedi, a member of the Central Board of RBI, describes Das as a person who brings in pragmatism, commitment, transparency and sincerity to the table.

RBI to make NEFT transactions system available 24x7 from December 16

Currently, the NEFT payment system operated by the RBI as a retail payment system is available for customers from 8 am to 7 pm on all working days of the week, except 2nd & 4th Saturdays of the month

Digital India push: From December 16, you can make NEFT transfers 24x7

NEFT transactions are settled in hourly batches. For weekdays, the batches are from 8 am to 7 pm. On first and third Saturdays, the settlement happens from 8 am to 1 pm

RBI tells banks not to charge transaction fees for NEFT from Jan 2020

The RBI earlier this year had waived the charges it levied on banks for transactions routed through NEFT and RTGS

No transaction charge on NEFT payments from Jan 2020, RBI tells banks

Digital payments constituted a high 96% of total non-cash retail payments during the October 2018 to September 2019

24x7 fund transfers under NEFT from Dec 2019 to boost digital payments

RTGS is mostly used for transactions above Rs 2 lakh. The RBI added it will facilitate the creation of a central payment fraud registry for tracking payment system frauds

RTGS, NEFT transfers set to get cheaper from today as RBI scraps charges

Currently, the RBI 'levies minimum charges' on banks for transactions routed through its RTGS and NEFT system

Online fund transfer via RTGS/NEFT made free: All you need to know

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

RBI to ensure better NEFT service via additional 11 batches from July 10

With this, the total number of half hourly settlement batches during the day will increase to 23