NEFT system has achieved a milestone on leap day i.e., on February 29, 2024, by processing…
Tag: NEFT
Mint Explainer: What RBI’s commercial credit card diktat is all about
Mumbai: The Reserve Bank of India has recently asked a card network to pause payments under…
8.18 crore ITRs! A record number of income tax returns filed till Dec 31
The income-tax (I-T) department has recorded a surge in filing of Income-tax Returns (ITRs), resulting in…
Govt plans to introduce 4-hour window to reverse online payments above ₹2,000
In a bid to combat online payment frauds, the government is reportedly mulling over introducing maximum…
How RBI’s proposed new payment system will be different from UPI, NEFT, RTGS
The need for lightweight payment and settlement system (LPSS) The central bank said that this payment…
RBI modifies NEFT, RTGS systems to accommodate FCRA transactions
Image source: File photo RBI modifies NEFT, RTGS systems to accommodate FCRA transactions The Reserve Bank…
NEFT, RTGS revamped to report on remittances on a daily basis
The Reserve Bank of India (RBI) on Thursday made drastic changes in NEFT and RTGS response…
Let UPI succeed as a special public good
As far as online payments are concerned, India stands for two things. First, we have a…
UPI cost should be met through other means: Center
Earlier, RBI had plans to levy charges for payment systems including UPI, NEFT and IMPS Earlier,…