RTGS is meant for large-value instantaneous fund transfers, while NEFT is used for fund transfers of up to Rs 2 lakh.
07 Dec 2019 11:26 AM
The RBI this year had done away with charges on NEFT and RTGS transactions and asked banks to pass on the benefit to their customers.
09 Nov 2019 3:39 AM
RBI has also proposed that FASTags would be enabled to pay for parking fee and even at fuel stations.
08 Nov 2019 5:26 PM
RBI had said that it will make available the NEFT system on a 24x7 basis from December 2019.
07 Aug 2019 1:46 PM
This means that SBI account holders will not have to pay fees for online money transfers.
12 Jul 2019 3:10 PM
NEFT or RTGS transaction carried out at the bank branch will be payable.
06 Nov 2017 5:08 PM
Country's largest public sector bank says move aims to promote small ticket transactions.
08 Aug 2017 2:52 PM
Also, new revised charges for NEFT, RTGS will attract GST rate of 18 per cent.
15 Jul 2017 5:55 PM
SBI has also waived charges for fund transfer of up to Rs 1,000 done through Immediate Payment Service (IMPS).
13 Jul 2017 6:53 PM
SBI also waived charges for fund transfer of up to Rs 1,000 through IMPS to promote small transactions.
13 Jul 2017 12:56 PM
At present, RBI allows banks to conduct NEFT funds transfers in batches from 8 am to 7 pm.
09 May 2017 2:53 PM
Total number of half hourly settlement batches during the day will increase to 23.
08 May 2017 8:29 PM
Central bank says NEFT settlement cycle will be reduced from hourly batches to half hourly batches.
06 Apr 2017 5:47 PM
As per RBI norms, NEFT transfers of up to Rs 10,000 attract Rs 2.5 fee.
22 Dec 2016 1:22 AM