State Bank of India waives off IMPS, NEFT, RTGS charges

Immediate Payment Service (IMPS) is an instant interbank electronic fund transfer service through mobile phones. It is also being extended through other channels such as ATM, Internet Banking, etc.

Jul 12, 2019, 15:24 PM IST

Banks to waive all charges on fund transfer through RTGS, NEFT from July 1

The Reserve Bank levies minimum charges on banks for transactions routed through its RTGS meant for large-value instantaneous fund transfers and the NEFT System for other fund transfers. Banks, in turn, levy charges on their customers.

Jun 12, 2019, 10:47 AM IST

No transaction charges on NEFT, RTGS – Know what is NEFT and RTGS

NEFT is an electronic fund transfer system in which the transactions received up to a particular time are processed in batches. Contrary to this, in RTGS, the transactions are processed continuously on a transaction by transaction basis throughout the RTGS business hours.

Jun 11, 2019, 11:45 AM IST

No charges on RTGS, NEFT online transactions; RBI to issue notification soon

The RBI decision to make RTGS and NEFT free from charges will benefit lakhs of users who conduct online transaction.

Jun 06, 2019, 12:32 PM IST

Five things to know about the new RTGS rule

The new RTGS deadline will be applicable from June 1.

May 30, 2019, 11:10 AM IST

RBI extends RTGS deadline from June 1 – Check out new timings

RTGS is a financial transaction system, where there is continuous and real-time settlement of fund transfers, individually on a transaction-by-transaction basis.

May 29, 2019, 12:41 PM IST

RBI directs banks to participate in special clearing operations on March 31

The RBI has also advised member banks "to be in readiness to participate in the Centralised Payment Systems (RTGS and NEFT) on March 31, 2018.

Mar 29, 2018, 20:45 PM IST

RBI to remain open on July 1 to facilitate transactions

Reserve Bank will remain open on July 1 for services such as transfer of funds through NEFT and RTGS from 11 AM onwards.

Jun 29, 2017, 19:30 PM IST

Govt should restrict corporate tax at 25% with cesses, surcharges: PHDCCI

Government should restrict corporate tax at 25 percent with cesses and surcharges, PHD Chamber of Commerce and Industry has said.

Jan 21, 2017, 18:31 PM IST

Sebi reduces brokers fee by 25 percent

The Securities and Exchange Board of India (Sebi) on Saturday announced reduction of 25 per cent in the fee payable by brokers and also decided to amend regulations to enable the market participants to make payments to the regulator through digital mode.

Jan 14, 2017, 19:15 PM IST

Don't use subsidies disbursed by BCCI: Lodha panel warns state bodies

The Supreme Court appointed Justice RM Lodha panel in an e-mail communication to all state association has strictly instructed them not to "transfer or disturb" the recent funds disbursed as infrastructural subsidy.

Oct 04, 2016, 22:27 PM IST

RBI to remain open to facilitate transactions on July 1

 Reserve Bank today said its offices will remain open on July 1 to facilitate public transactions and settlement of market transactions.

Jun 28, 2016, 20:51 PM IST

DNA: Sweden on track to becoming first cashless nation!

Sweden is on track to becoming the world's first cashless society, thanks to the country's embrace of information techology as well as a crackdown on organised crime and terror, according to a new

Oct 20, 2015, 23:01 PM IST

RBI directs RTGS participants to use correct transaction code

RBI said some of the RTGS participants were using the transaction code alloted to customers for settling their own account transfers.

Apr 29, 2014, 00:01 AM IST

RBI says mobile banking has miles to go to reach traction

The Reserve Bank has expressed its disappointment over the lower-than-expected spread of mobile banking in the country saying the awareness levels of this tool has been wanting.

Jan 01, 2014, 20:27 PM IST

Deadline for banks to shift to new RTGS standards extended

A new RTGS system was put in place in October this year that required banks to adopt ISO 20022 standard messaging formats.

Dec 22, 2013, 14:44 PM IST

New RTGS system to be operational from Oct 19: RBI

RTGS (real-time gross settlement) is fastest possible money transfer system through the banking channel.

Oct 12, 2013, 00:26 AM IST