India has a variety of online methods available for transferring money, including digital wallets and UPI. However, with increasing incidents of cyber fraud leading to monetary losses, it is important ...

Transferring money from one account to another may seem like a big task to you. Spending half a day at the bank can really get annoying. Technology has transformed banking significantly. Banks offer ...

The Reserve Bank of India (RBI) announced on Monday the launch of a new beneficiary bank account name verification feature for both the Real Time Gross Settlement (RTGS) and National Electronic Funds ...

Currently, the Unified Payments Interface (UPI) and Immediate Payments Service (IMPS) systems enable a remitter to verify the name of the beneficiary before initiating a transfer The RBI has asked the ...

NEFT system has achieved a milestone on leap day i.e., on February 29, 2024, by processing 4.10 crore transactions, the highest ever in a day so far. The precise number was 4 crore 10 lakh sixty-one ...

Digital payments are transactions conducted through digital or online mediums, utilizing electronic methods for money exchange between the payer and the payee. In India, there is a diverse range of ...

Mumbai, December 14: The Real-Time Gross Settlement System (RTGS) for high-value transactions is now available round-the-clock. Shaktikanta Das took to Twitter on Sunday and said, "RTGS facility ...

With an eye on giving a bigger push to digital transactions and online payments through bank accounts, the Reserve Bank of India (RBI) has decided to waive off all customer-facing fees and charges on ...

State Bank of India has waived charges on NEFT and RTGS transactions through the internet and mobile banking from July 1, after the RBI decided to do away with the charges with an aim to move the ...

NEW DELHI: The Reserve Bank of India (RBI) on Thursday decided to remove charges on RTGS (Real Time Gross Settlement System) and NEFT (National Electronic Funds Transfer) transactions.In a ...