Page 2 - Neft
RBI opens 24x7 NEFT window; over 1.14 mn transactions done in first 8 hours
The facility will be available on all days of the year including holidays
 "RBI opens 24x7 NEFT window; over 1.14 mn transactions done in first 8 hours")
New intraday liquidity window for NEFT settlement from Monday, says RBI
All banks will be eligible for the intraday facility, but the limit will be set by the RBI from time to time
 "New intraday liquidity window for NEFT settlement from Monday, says RBI")
Part Panglossian, part floccinaucinihilipication: Governor Das marches on
Sachin Chaturvedi, a member of the Central Board of RBI, describes Das as a person who brings in pragmatism, commitment, transparency and sincerity to the table.
 "Part Panglossian, part floccinaucinihilipication: Governor Das marches on")
RBI to make NEFT transactions system available 24x7 from December 16
Currently, the NEFT payment system operated by the RBI as a retail payment system is available for customers from 8 am to 7 pm on all working days of the week, except 2nd & 4th Saturdays of the month
 "RBI to make NEFT transactions system available 24x7 from December 16")
Digital India push: From December 16, you can make NEFT transfers 24x7
NEFT transactions are settled in hourly batches. For weekdays, the batches are from 8 am to 7 pm. On first and third Saturdays, the settlement happens from 8 am to 1 pm
RBI tells banks not to charge transaction fees for NEFT from Jan 2020
The RBI earlier this year had waived the charges it levied on banks for transactions routed through NEFT and RTGS
 "RBI tells banks not to charge transaction fees for NEFT from Jan 2020")
No transaction charge on NEFT payments from Jan 2020, RBI tells banks
Digital payments constituted a high 96% of total non-cash retail payments during the October 2018 to September 2019
 "No transaction charge on NEFT payments from Jan 2020, RBI tells banks")
24x7 fund transfers under NEFT from Dec 2019 to boost digital payments
RTGS is mostly used for transactions above Rs 2 lakh. The RBI added it will facilitate the creation of a central payment fraud registry for tracking payment system frauds
 "24x7 fund transfers under NEFT from Dec 2019 to boost digital payments")
RTGS, NEFT transfers set to get cheaper from today as RBI scraps charges
Currently, the RBI 'levies minimum charges' on banks for transactions routed through its RTGS and NEFT system
 "RTGS, NEFT transfers set to get cheaper from today as RBI scraps charges")
Online fund transfer via RTGS/NEFT made free: All you need to know
The Reserve Bank of India (RBI) on Tuesday directed banks to withdraw the charges levied on the National Electronic Funds Transfer (NEFT) and Real-Time Gross Settlement (RTGS) transactions with effect
 "Online fund transfer via RTGS/NEFT made free: All you need to know")
RBI to ensure better NEFT service via additional 11 batches from July 10
With this, the total number of half hourly settlement batches during the day will increase to 23
 "RBI to ensure better NEFT service via additional 11 batches from July 10")
