The Reserve Bank of India (RBI) announced on Monday the launch of a new beneficiary bank account name verification feature for both the Real Time Gross Settlement (RTGS) and National Electronic Funds ...

You do not have to look at your watch or calendar while transferring money online from today as the Reserve Bank of India (RBI) has allowed National Electronic Funds Transfer (NEFT) facility available ...

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 ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. The national electronic funds transfer ...

When you pay someone, you expect to get a receipt for the payment. Especially when that "someone" is a business. Receipt - or "proof of receipt" - must be issued by the Payee / Merchant so that you ...

Indian banking system went digital more than a decade ago and it is still confusing to many who operate it. Digitalization of funds is what is on the Government's to do list every year with regular ...

CHENNAI: The RBI has decided to waive all charges on Real Time Gross Settlement System (RTGS) and National Electronic Funds Transfer (NEFT) transactions — two preferred routes for instantly ...

India's largest public sector bank, SBI, gave its customers reason to rejoice as it announced a waiver of charges for online money transfers through the NEFT and RTGS routes. Of course, money transfer ...