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

NEFT or RTGS transaction carried out at the bank branch will be payable.

6 Nov 2017 5:08 PM IST

The Reserve Bank of India (RBI) has mandated banks not to charge savings account holders for NEFT with effect from January 2020.

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...

9 Nov 2019 3:39 AM IST

Digital payments by mobile wallets bring in convenience with a few clicks, tendering exact change, and so on.

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.

8 Nov 2019 5:26 PM IST

The key findings of surveys and recommendations have been submitted to the RBI Committee on Deepening of Digital Payments. (Photo: ANI)

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.

7 Dec 2019 11:26 AM IST

State Bank of India, SBI, had earlier reduced minimum balance requirement. (Photo: PTI)

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 July 2019 3:10 PM IST

Reserve Bank of India (RBI)

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.

7 Aug 2019 1:46 PM IST

A closed branch of SBI as bank employees went on a nationwide strike in Surat. (Photo: PTI)

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

Country's largest public sector bank says move aims to promote small ticket transactions.

8 Aug 2017 2:52 PM IST

SBI Cards is also in the process of speeding up customer acquisition process by reducing the delivery period so that more and more people are added to the network.

New NEFT, RTGS fees for SBI customers started today

Also, new revised charges for NEFT, RTGS will attract GST rate of 18 per cent.

15 July 2017 5:55 PM IST

SBI Cards is also in the process of speeding up customer acquisition process by reducing the delivery period so that more and more people are added to the network.

Pay 75 per cent less for NEFT, RTGS transactions with SBI

SBI has also waived charges for fund transfer of up to Rs 1,000 done through Immediate Payment Service (IMPS).

13 July 2017 6:53 PM IST

A closed branch of SBI as bank employees went on a nationwide strike in Surat. (Photo: PTI)

SBI: Charges for NEFT, RTGS slashed by 75 per cent

SBI also waived charges for fund transfer of up to Rs 1,000 through IMPS to promote small transactions.

13 July 2017 12:56 PM IST

Th citys ATMs continue to run out of cash.

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.

9 May 2017 2:53 PM IST

Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)

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.

8 May 2017 8:29 PM IST