NEFT, RTGS update: The Reserve Bank of India (RBI) will introduce the beneficiary account name look-up facility for the Real Time Gross Settlement (RTGS) System and National Electronic Funds Transfer ...

The Reserve Bank of India's proposed lightweight payment and settlement system (LPSS) will introduce a paradigm shift in the Indian payment landscape. In its annual report for 2023-24, the central ...

India has a variety of online methods available for transferring money, including digital wallets and UPI. However, with increasing incidents of cyber fraud leading to monetary losses, it is important ...

IMPS vs NEFT vs RTGS: In the transforming digital era, money transferring has become easier and more convenient than ever. With various payment methods available, customers can now send and receive ...

Good news for those who use online banking modes like the RTGS and NEFT for making payments. RBI has increased the ambit of the RTGS and NEFT payment modes to non-bank entities payment space including ...

Most individuals use one or the other method of online money transfer in their lifetime. The convenience of transferring money online helps an individual in making most out of the modern ...

NEFT vs RTGS vs IMPS: While making money transactions, users remain confused about which mode of transferring money is best suited for them. NEFT vs RTGS vs IMPS: This will help you choose the best ...

Most banks allow NEFT and RTGS transfers of up to Rs2-10 lakh. Some banks may waive off an upper limit for RTGS entirely, while others may allow customers to set their specific third-party transfer ...

For post office savings account holders there will be only one IFSC for all branches of post offices. Fund transfer for Post Office Savings Bank Account (POSB) holders has become much quicker than ...

Over the years, banks have developed more convenient ways for customers to transfer funds between banks 24/7. Nowadays, NEFT, IMPS, and RTGS are some of the most popular methods used by people to ...