fund transfer
RTGS system for customer transactions to open at 7 am from Aug 26: RBI
The NEFT system is used for fund transfers of up to Rs 2 lakh, and RTGS for those above this threshold.
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.
Deutsche Bank makes 28 billion euros transfer in error
Deutsche Bank on Friday admitted to a massive erroneous transfer of 28 billion euros.
Axis Bank set to partner with WhatsApp for UPI
WhatsApp has tied up with ICICI Bank to launch its payment service last month.
No charges now on fund transfer of up to Rs 1000: SBI
For IMPS, charge will be Rs 5 alongwith GST for fund transfer in range of Rs 1,000 to Rs 1 lakh.
Whatsapp to introduce payment via UPI; talks with SBI, NCPI on
WhatsApp is in discussions with State Bank of India, NPCI and few other banks to devise ways to integrate their systems.
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