Page 2 - Rtgs

E-wallets are similar to bank accounts, but more convenient: Experts

Will help those who can't ensure minimum balance

RBI decides to open up RTGS, NEFT facilities for payment system operators

In a major move in the online payments segments, the RBI has decided to allow payment system operators to take direct membership of Centralised Payment Systems (CPS), such as RTGS and 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).

RTGS: From today, you can make high value money transfers round-the-clock

RTGS for high-value transactions will become available round-the-clock from 00:30 hours Monday onwards, making India one of the few countries in the world to operate the system 24X7

RTGS to be made available 24X7 in next few days: RBI Governor

RBI said that the Real Time Gross Settlement (RTGS) system, used for large value transactions, will be made available round-the-clock in the next few days

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

Now, RTGS payment system to be available around the clock, says RBI

While NEFT was made a 24x7 system in December, 2019, RTGS will also become one in December, 2020

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

The coming turmoil in the capital markets

In part one of a series, the author says the capital markets and the securities ecosystem have remained broadly untouched by the progress in India's payment infrastructure

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

After NEFT, RBI is planning to make RTGS facility available 24X7

This could become a reality in a month or two, said a source

RTGS system to open at 7 AM from August 26 as RBI extends operating hours

At present, the Real Time Gross Settlement (RTGS) System is available for customer transactions from 0800 hours to 1800 hours

After waiving RTGS, NEFT fee, SBI to make IMPS transactions free from Aug 1

Before July 1, SBI used to charge between Re 1 and Rs 5 for transactions through NEFT, and Rs 5-50 for RTGS route

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

RBI extends timing for fund transfer through RTGS till 6 pm from Jun 1: RBI

The minimum amount to be remitted through RTGS is Rs 2 lakh with no upper or maximum ceiling