Rtgs

India’s payments data for the first half of 2025 shows two very different digital stories.

Soon, you can look up beneficiary bank account name for RTGS, NEFT payments

All banks who are direct members or sub members of RTGS and NEFT will have to offer this facility no later than April 1, 2025, says RBI

NEFT sees highest-ever daily transactions at 4.10 crore

In the last ten years, NEFT and RTGS systems have registered growth of 700 percent and 200 percent respectively in terms of volume.

MC Explains: How new RBI rules for foreign donations via NEFT, RTGS will impact banks and donors

The central bank has introduced changes such as sharing donor details and modification of the existing NEFT and RTGS systems of banks for Foreign Contribution (Regulation) Act (FCRA) related transactions.

Ban on pool accounts for MF investments gives stakeholders implementation headache

Mutual fund distributors, brokers and platforms using pool accounts have reported that investments in mutual funds are being delayed or rejected as they race to implement the new mechanism by July 1.

RBI allows non-bank PSPs to participate in centralised payment systems

PSPs include prepaid payment instrument (PPI) issuers, card networks, white label ATM (WLA) operators and trade receivables discounting system (TReDS) platforms.

New online tax payment system, mobile app to be launched later: CBDT on upcoming e-filing portal

CBDT had earlier said that the upcoming website will enable a new online tax payment system with multiple new payment options using net banking, UPI, credit card and RTGS/NEFT from any account of taxpayer in any bank, for easy payment of taxes.

NEFT, RTGS or IMPS: What to choose for your online money transfer

Typically, 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 limits.

RTGS services will not be available for few hours on April 18 due to technical upgrade, says RBI

The NEFT system will continue to be operational as usual during this period, the RBI said

RTGS fund transfer: Charges, timings, benefits, and other important details about the facility

Processing of instructions at the time they are received is known as Real time and gross settlement means the settlement of funds transfer instructions occurs individually.

Banks to conduct special clearing operations for closure of govt accounts on March 31: RBI

The Reserve Bank has issued directions to the banks for smooth clearing operation and asked them to mandatorily participate in it.

RBI introduces identification number to track transactions over Rs 50 crore from April

Under the RBI's new guidelines, member banks should advise entities who undertake large value transactions (Rs 50 crore and above) to obtain LEI in time, if they do not already have one.

Business Insight | How RBI's new measures will make high-value transactions via RTGS, cheques safer

Recent steps taken by the Reserve Bank of India with regards to Real Time Gross Settlement System (RTGS) and cheque payments are set to make high-value payments and transactions simpler and safer. Watch the video to know more.

Big Story | RTGS service to be operational round the clock: All you need to know

Real-time gross settlement (RTGS) services are set to be available for customers 24/7 from December 14. Here's all you need to know about the system.

RTGS transaction facility to be available for 24x7 from tonight

RBI Governor Shaktikanta Das had informed about RTGS going 24x7 in the latest monetary policy announcements

New RTGS timings from December 1: All you need to know

RTGS is used for large-value transactions; the minimum amount to be remitted through RTGS is Rs 2 lakh with no maximum limit. This is done in order to boost the adoption of digital payments.

IMPS limit raised: How to choose the best mode to transfer money between NEFT, IMPS & RTGS

Based on the speed of transfer, value of the transaction and other factors, you should decide the mode of transfer

Coronavirus pandemic | Digital payments fall up to 68% in April

NEFT down 34%, RTGS more than 50% and debit cards 68% compared to March, RBI data shows.

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

Unified Payments Interface (UPI) is an instant payment system developed by the National Payments Corporation of India (NPCI), an RBI regulated entity.

Banking wrap 2019: Top 5 changes for bank customers

Let's take a look at the major changes in banking regulations

Banks closed on Dussehra: Plan for contingency as ATMs may run out of cash

The month of October has eight holidays in total, including the working offs on Saturdays and Sundays.

RTGS system for customer transactions to open at 7 am from August 26: RBI

The extended customer transactions timing will be applicable from August 26, it added.

Banks may not waive off RTGS and NEFT charges fully

They are allowed to charge for administrative and fixed costs, network charges, manpower, etc. from these services.

SBI waives off online RTGS, NEFT, IMPS transfer charges

The move is aimed at attracting more customers to the bank's digital platforms.

Fund transfer via RTGS, NEFT set to get cheaper from July 1

The country's largest bank SBI charges between Re 1 and Rs 5 for transactions through NEFT and between Rs 5 and Rs 50 for RTGS route.