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RBI Gov Das calls for reduction of time, cost of overseas remittances; expanding RTGS for dollar, euro transactions

Reserve Bank of India Governor Shaktikanta Das called for reducing time and cost of overseas remittances, as well as expanding real-time gross...

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MUST KNOW

HDFC Bank scheduled downtime on July 13: These services will not work for 14 hours

Cash deposit, fund transfer, mini statement, enquiry/Billpay services and cardless cash withdrawal will not be available during HDFC scheduled downtime. Read More:...

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NEWS

Primary Agricultural Cooperative Societies in Odisha to offer NEFT, RTGS services soon

BHUBANESWAR: Primary Agricultural Cooperative Societies (PACS) will soon offer core banking facilities like real-time gross settlement (RTGS), national electronic fund transfer (NEFT)...

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BUSINESS

RTGS vs NEFT vs IMPS: Which is best for transferring your money?

Suresh Kumar is a 28-year corporate employee from Mumbai. He keeps transferring money too frequently but every time he makes a transfer,...

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FINANCE

Online Fund Transfer Process: Know difference between IMPS, NEFT and RTGS

IMPS, NEFT and RTGS are all electronic funds transfer systems in India, but they differ in terms of speed, transaction limits, and fees....

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BUSINESS

RBI makes changes to NEFT and RTGS systems for FCRA transactions

The Reserve Bank of India (RBI) has made changes to the NEFT and RTGS systems for Foreign Contribution (Regulation) Act (FCRA) related...

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STOCK MARKET

Sebi allows all RBI-authorised payment systems for RFQ settlement

At present, exchanges use the RTGS channel as the mode of settlement for trades executed on the RFQ platform, as regards listed...

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BUSINESS

Central Bank Digital Currency: How is CBDC different from UPI, NEFT, RTGS, IMPS?

The Central Bank Digital Currency (CBDC) or the Digital Rupee will be used for making digital payments similar to making payments made...

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NEWS

UPI payment to be charged? Finance ministry responds

The clarification came amid speculations that UPI transactions may demand an additional charge in order to maintain the payments infrastructure. HIGHLIGHTS The...