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The RBI has asked the member banks to keep adequate liquidity in their current account with the regulator at all times to facilitate successful posting of NEFT batch settlements. (Representational image)

NEFT transactions to be available 24x7 from Dec 16

RTGS is meant for large-value instantaneous fund transfers, while NEFT is used for fund transfers of up to Rs 2 lakh.
07 Dec 2019 11:26 AM
Digital payments constituted a high 96 per cent of the total non-cash retail payments during the period October 2018 to September 2019 said the RBI.

No NEFT charges from January

The RBI this year had done away with charges on NEFT and RTGS transactions and asked banks to pass on the benefit to their customers.
09 Nov 2019 1:33 AM
This rapid growth in the payment systems, inter-alia, has been facilitated by a series of measures taken by the Reserve Bank of India," the central bank said in a statement on furthering digital payments. (Representational image)

No levying of charges on NEFT payment from January: RBI to banks

RBI has also proposed that FASTags would be enabled to pay for parking fee and even at fuel stations.
08 Nov 2019 5:24 PM
NEFT operated by the RBI as a retail payment system is available for customers from 8 am to 7 pm on all working days. (Representational Image)

RBI to allow round-the-clock fund transfers under NEFT from December

RBI had said that it will make available the NEFT system on a 24x7 basis from December 2019.
07 Aug 2019 1:55 PM
State Bank of India

State Bank of India removes online fund transfer fee

SBI has also decided to do away with the charges on fund transfer through mobiles using the IMPS (immediate payment service) from August 1.
13 Jul 2019 1:26 AM
Along with customer convenience, the waiver in NEFT, IMPS and RTGS charges will attract more customers towards digital transactions, said SBI. (Photo: File)

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

This means that SBI account holders will not have to pay fees for online money transfers.
12 Jul 2019 3:09 PM
The RBI levies minimum charges on banks for transactions routed via its RTGS, meant for instantaneous large-value fund transfers, and the NEFT System, used for non-large fund transfers. Banks, in turn, levy charges on their customers.

RBI scraps charges on RTGS, NEFT payments

The three most commonly used fund transfer methods in India are NEFT, RTGS and IMPS (Immediate Mobile Payment Service).
07 Jun 2019 1:20 AM
Earlier, customers were levied Rs 25 each for Rs 2-5 lakh online transaction via RTGS. (Photo: PTI)

HDFC Bank makes RTGS, NEFT online transactions free from Nov 1

NEFT or RTGS transaction carried out at the bank branch will be payable.
06 Nov 2017 5:06 PM
State Bank of India is country's largest lender.

SBI revises its IMPS charges, scraps fee for Rs 1,000 transaction

Country's largest public sector bank says move aims to promote small ticket transactions.
08 Aug 2017 12:20 PM
SBI slashed NEFT, RTGS transactions by 75 per cent.

SBI customers, these are new NEFT, RTGS charges from today

SBI has slashed charges for transactions done through its internet banking and mobile banking services.
15 Jul 2017 5:49 PM
SBI will cut charges on electronic transfer of funds through NEFT and RTGS by up to 75 per cent from Saturday.

SBI cuts NEFT, RTGS charges by over 75 per cent

The reduced charges will be applicable on transactions done through internet banking and mobile banking services offered by bank
13 Jul 2017 6:54 PM
SBI reduced the NEFT and RTGS charges up to 75 per cent.

SBI slashes NEFT, RTGS charges by up to 75 per cent

Reduced charges will be applicable on transactions done through internet banking and mobile banking services.
13 Jul 2017 12:52 PM
Securities and Exchange Board of India

Agents to give PAN, other info to Sebi for digital payments

Sebi in March, amended various regulations to enable market participants to make payments to it through digital mode.
16 May 2017 7:14 PM
Representational image.

RBI allows 23 NEFT transfers: Things you should know

At present, RBI allows banks to conduct NEFT funds transfers in batches from 8 am to 7 pm.
09 May 2017 2:31 PM
The NEFT system settles fund transfer requests of participating banks on net basis at hourly intervals from 8 am to 7 pm on all working days.

Additional 11 batches to transfer funds via NEFT from July 10

Total number of half hourly settlement batches during the day will increase to 23.
08 May 2017 8:27 PM
Representational image.

Read how RBI has made payments through NEFT faster, easier

Central bank says NEFT settlement cycle will be reduced from hourly batches to half hourly batches.
06 Apr 2017 5:15 PM
EPFO is a retirement funds body.

No revenue stamp on claim forms for e-payments: EPFO to staff

There are over 3,000 private provident fund trusts which are exempted from filing PF returns.
08 Mar 2017 12:55 PM
Former minister P.J. Joseph MLA, actors Saikumar, Bindhu Panickar and Kerala CBSE management association general secretary Indira Rajan arrive at the inauguration of CBSE state youth festival.

CBSE State Youth Festival: Hosts take all steps to create a wholesome experience

Former Minister P J Joseph officially inaugurated the festival at a glittering function in the evening.
18 Nov 2016 6:27 AM
From November 10, customers are allowed to exchange Rs up to Rs 4,000 in cash at any bank branch with valid identity proof.

Banks disburse Rs 30,000 crore cash, post demonetisation

The government on November 8 demonetised Rs 500 and Rs 1,000 notes in a step to curb black money.
13 Nov 2016 5:59 PM

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‘What to Watch’ for week ending March 21

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Justice for Preethi gains social media momentum

Dr D. Preethi (Image Source: Twitter)
 

Hyderabad city to have bridges à la Paris

While six bridges and a link road will be constructed by the Hyderabad Metropolitan Development Authority, four bridges will be built by the Greater Hyderabad Municipal Corporation, three by the HRDCL and one bridge by the QQSUDA. (Representational Image: PTI)
 

Experts warn of particularly hot summer ahead in Hyderbad

Anjal Prakash, research director and adjunct associate professor of Bharti Institute of Public Policy, ISB, told Deccan Chronicle, “The climate models have predicted that this is going to be a warmer summer and the hot areas will be hotter than before. In Telangana, we are seeing 38ºC in February itself, which is an indication of what is in store in April and May.” (Representational DC Image)
 

When Cupid strikes OTT platforms

Shah Rukh Khan and Kajol from the film Dilwale Dulhania Le Jayenge. (Photo: Twitter)
 

Kerala transman gives birth to baby, first case in India

Ziya Paval recently took to Instagram and announced that Zahhad was eight months pregnant. Paval and Zahhad have been living together for the past three years. (Twitter)
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Technology Gallery

The 2020 QLED 8K lineup accounts for the evolving ways in which consumers use screens today through innovative new features that integrate into modern lifestyles.

CES 2020: Samsung QLED 8K TV gets shown-off
Watch the festival of Guruparab unfold spectacularly in a series of pictures taken by two young photographers from the Delhi University Photography Club (DUPC) who travelled to Amritsar, and captured these pictures on their Samsung Galaxy S10 plus, as part of the #IndiaonGalaxy series. (Photo Credits: Ammar and Aryan Bhatia, Delhi University Photography Club)

Experience Guruparab in Amritsar with Samsung's stunning #IndiaonGalaxy series
Feast your eyes on these samples shot on the iPhone 11 Pro Max during the auspicious festival of Dussehra, showcasing the phone's varying capabilities. (Photo: Rohit Vora- @rohit_apf)

Dussehra festivities shot on iPhone 11 Pro Max
The Apple iPhone 11 series will be released in six colours: Black, White, Yellow, Green, Purple and even a Red variant, that will donate a share of its sales to charity.

Everything Apple launched at its September iPhone event
The Mi-Band 4 with a color AMOLED screen and the new six-axis sensor is the best affordable fitness tracker out there. WHile still not available in India, you can easily import one for about Rs 2,500.

Best budget fitness trackers under Rs 3000
The Flybot Actives are sporty wireless earphbuds that offer good punchy sound with water resistance and durability. They sell for Rs 3,799 on Amazon.

Top True Wireless Earbuds under Rs 5,000
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