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  Important notice for Axis Bank and HDFC Bank's customers: Online banking services to be disrupted

  Business | July 12, 2024 16:37 IST

  HDFC Bank and Axis Bank will experience online and mobile banking service disruptions this weekend due to system upgrades. HDFC Bank’s UPI services will be down on July 13, 2024, from 3:00 AM to 3:45 AM and from 9:30 AM to 12:45 PM.

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  RBI modifies NEFT, RTGS systems to accommodate FCRA transactions

  Business | February 17, 2023 16:29 IST

  RBI introduces changes to NEFT and RTGS systems for FCRA related transactions following the Home Ministry's mandate for SBI to report all donor details. SBI must capture donor details and report them daily to MHA, while other banks must make necessary changes by March 15, 2023.

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  RBI allows card networks, wallets to access RTGS, NEFT

  Business | July 29, 2021 14:53 IST

  In April, RBI had said that it would encourage participation of non-banks in Reserve Bank of India-operated Centralised Payment Systems (CPS) -- RTGS and NEFT systems -- in a phased manner.

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  No NEFT service for 14 hours on May 23 due to technical upgrade

  Business | May 17, 2021 14:33 IST

  National Electronic Funds Transfer (NEFT) is a nation-wide centralised payment system owned and operated by the Reserve Bank of India (RBI).

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  NEFT, RTGS money transfer services extended beyond banks: RBI Governor Shaktikanta Das

  Business | April 07, 2021 16:21 IST

  NEFT, RTGS money transfer services has been extended to payments banks by the RBI.

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  NEFT or IMPS for fund transfer: A comparison to help you make the right choice

  Business | December 30, 2019 15:02 IST

  NEFT and IMPS are two widely used methods for fund transfer by the business. Here's a comparison between the two to help you better judge and choose which one is suited best for your business.

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  Attention Paytm users! You can now avail these banking and payment services

  Business | December 19, 2019 11:40 IST

  RBI has now allowed banks to facilitate online NEFT transfers 24/7 on all days including weekends and holidays. With RBI's this move, India's digital payment leader Paytm has become the only payments app offering three ways to pay 24x7 seamlessly, within the same "Money Transfer" flow via UPI, IMPS and now NEFT mode.

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  Paytm becomes only app offering NEFT transactions 24/7

  Business | December 16, 2019 21:02 IST

  With the Reserve Bank of India (RBI) making online NEFT transfers 24/7 on all days including weekends and holidays from Monday, India's digital payment leader Paytm has become the only payments app offering three ways to pay 24x7 seamlessly, within the same "Money Transfer" flow via UPI, IMPS and now NEFT mode.  

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  11.40 lakh transactions settled in 8 hours after RBI operationalises NEFT 24X7

  Business | December 16, 2019 20:26 IST

  ​Around 11.40 lakh transactions were settled in the first eight hours after widely-used NEFT was made operational on 24X7 basis, the RBI said. The RBI operationalised National Electronic Funds Transfer (NEFT) System 24X7 from 12:00 am Monday.  

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  NEFT money transfer available 24x7 from today. Check new charges, timing and all other details

  Business | December 16, 2019 18:17 IST

  NEFT transfer 24x7: Gone are the days when you had to look at a watch or even a calendar just to make NEFT payment. The handy money transfer mode is now available 24x7. Check all the details.