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RTGS To Be Available 24x7 Soon: RBI Governor

On Friday, the Reserve Bank of India's Governor said that the Real Time Gross Settlement (RTGS) system will be made available round-the-clock in the next few days. The functionality is going to benefit businesses as RTGS is used for large value ...

RTGS New Timings From December

To give a boost to digital economy and refrain from cash transactions, RTGS or real time gross settlement has been made available round the clock. RTGS is a realtime settlement system that enables large value transactions. In the current regime, ...

RTGS To Be Available Round The Clock

In its October 9, 2020 RBI MPC statement, RBI Governor Shaktikanta Das allowed availability of RTGS or Real Time Gross Settlement round the clock i.e. 24 by 7. RTGS is a payments method for amount over Rs. 2 lakh. The facility ...

Amid Lockdown, UPI Transactions Fall But RTGS Picks Up In March

After having increased in terms of volume as well as value in the previous months, number of transactions made through UPI fell in March, amid social distancing measures and later a full-fledged nationwide lockdown to curb COVID-19 spread. Unified Payments Interface ...

IBA Releases Safe Banking Tips To Combat Covid 19

As the coronavirus positive cases have spiked to over 270 mark in the country, Indian Banks Association (IBA) has come up with guidelines for ensuring safe banking by both account holders and its employees. COVID 19 which is now declared ...

RBI Now Plans To Make RTGS Available 24x7

As per sources privy to the development, after making fund transfer route NEFT available 24x7 with effect from December 16, 2019, the RBI is working on making RTGS or real time gross settlement available round the clock. RTGS also facilitates ...

RTGS Transaction Timings To Change From 26 August

The Reserve Bank of India (RBI) in a notification dated 21 August informed of an extension in the timings for money transfer using RTGS service. The RTGS (Real-Time Gross Settlement) system, that is used for large amount transfers (above Rs 2 ...

State Bank of India Waives off Charges on RTGS, NEFT and IMPS Transactions

The country's largest lending bank - State Bank of India (SBI) announced the waiver of charges on NEFT, RTGS transactions. The move comes in after the Reserve Bank of India announced the waiver of charges levied on NEFT, RTGS transactions during ...

SBI Neft And RTGS Transactions Can Now Be Made At Zero Cost

When making fund transfer through SBI's NEFT and RTGS, customers will not be charged any penny with effect from July 1, 2019 as the RBI has given up on the processing as well as time varying charges in respect of any ...

RTGS And NEFT Fund Transfer Charges To Be Reduced From Today

To boost digital transactions, the RBI has done away with all the charges on fund transfer via RTGS and NEFT. With this step, customers will have to shell out lower charges for fund transfer from today i.e. July 1. The RBI ...

NEFT, RTGS Fund Transfer To Become Free: This Is How You Will Benefit

After the recent statement by the RBI which now on will make NEFT and RTGS free with effect from July. Here is how you as an individual and economy at large will benefit from the move: But before that we will ...

RBI Removes Charges For NEFT, RTGS Transactions

RBI has decided to do away with charges on NEFT and RTGS transactions and in turn asked banks to pass on the benefit to customers. This implies that in near future either such payment modes will become free for customers or ...

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