Rtgs

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

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.

RBI modifies NEFT, RTGS systems to accommodate FCRA transactions

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.

RBI allows card networks, wallets to access RTGS, NEFT

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.

RTGS facility to be unavailable for 14 hours on THIS day: RBI

Under RTGS, there is the continuous and real-time settlement of fund-transfers individually on a transaction-by-transaction basis without netting. It is a safe and secure system for funds transfer without any upper or maximum ceiling and is available on all days on 24x7x365 basis.

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

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

RTGS services to be available 24X7 from tonight. Details here

RTGS, which started on March 26, 2004 with a soft launch involving four banks, presently handles 6.35 lakh transactions daily for a value of Rs 4.17 lakh crore across 237 participant banks.

24x7 RTGS for high-value transactions from December 14. Check details

The Real Time Gross Settlement System (RTGS) for high-value transactions will be available 24x7 on all days from December 14. This would make India one of the few countries to operate the system round-the-clock. "RTGS 24x7x365 will be launched with effect from 00:30 hours on December 14, 2020," the Reserve Bank of India (RBI) said in a statement.

Fund Transfer: RTGS to be made available 24X7 in next few days, says RBI Governor

Currently, RTGS is available for customers from 7.00 am to 6.00 pm on all working days of a week, except second and fourth Saturdays of every month.

RTGS money transfer: Check important changes from December 1

​The Real Time Gross Settlement System (RTGS) will be made available round-the-clock from December 1. The decision for large value transactions was made by the Reserve Bank of India (RBI) recently.

RTGS money transfer to be available 24X7 from December

In December 2019, the National Electronic Funds Transfer (NEFT) system was made available on a 24x7x365 basis.

UPI transactions drop in March, RTGS shoots up due to lockdown

After constantly rising for the past several months, the volume, as well as value, of transactions through UPI payment system dropped in March due to the 21-day nationwide lockdown imposed to combat the coronavirus infection.

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

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.

RBI to extend RTGS money transfer timing from this date; here's all you need to know

To promote digital transactions, the Reserve Bank of India (RBI) has extended the transactions timing for Real Time Gross Settlement (RTGS) system by an hour for its customers. Here's all you need to know.

SBI IMPS charges on fund transfer waived off

The State Bank of India (SBI), country's largest lender, has waived off the IMPS charge on fund transfer. Now, the IMPS charges will be free from August 1, 2019. SBI IMPS charges will be Nil for the users who want to transfer funds through YONO, internet banking and mobile banking.

Fund transfer via RTGS, NEFT set to get cheaper from Monday

Fund transfer through RTGS and NEFT systems is set to become cheaper from Monday after the Reserve Bank of India decided it will not impose any charges on such transactions.

Fund transfers via RTGS, NEFT to cost less from July 1

The Reserve Bank of India Tuesday said it will waive all charges on fund transfer through popular RTGS and NEFT systems from July 1 and asked banks to pass on the benefits to customers from the same day.  

RBI removes charges on RTGS/NEFT transactions, asks banks to pass on benefits

The Reserve Bank of India Thursday said it has done away with charges on fund transfers through RTGS and NEFT routes to boost digital transactions and asked banks to pass on the benefits to customers.  

RTGS: Here's how it works

The Reserve Bank of India has extended timings for customer transactions through Real Time Gross Settlement (RTGS). The timings for customer transactions (initial cut-off) in RTGS have been extended from 4:30 pm to 6:00 pm.

RBI extends RTGS transfer timings to 6 PM from June 1

All payment systems to remain closed on 1 April, says RBI

The Reserve Bank of India (RBI) today said that all the payment systems will not be operated on 1 April. It is a change from its earlier directive asking banks to remain open on the