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Latest Articles in neft

Learn How Interest Earned From A Savings Account Is Taxed

The best part is – according to your bank’s rates, you earn decent interest on the deposited amount. Yes, you do have to pay some tax on the interest you earn.

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RBI Allows Non-Bank Psps To Participate In Centralised Payment Systems

PSPs include prepaid payment instrument (PPI) issuers, card networks, white label ATM (WLA) operators and trade receivables discounting system (TReDS) platforms.

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IFSC Codes Of Erstwhile Syndicate Bank Branches To Change From July 1

The new IFSC can be obtained through URL canarabank.com/IFSC.html or accessing the website of Canara Bank or by visiting any Canara Bank Branch.

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NEFT To Remain Unavailable For 14 Hrs On Sunday Due To Technical Upgrade

NEFT system is also used for a variety of transactions including payment of credit card dues to the card issuing banks, payment of loan EMI, and inward foreign exchange remittances, among others.

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Irdai Slaps Rs 17 Lakh Fine On Future Generali For Violating Certain Regulations

The inspection report revealed certain violations of provisions of the Insurance Act regulations, guidelines and various circulars issued thereunder, Irdai said in a circular on its website on Monday.

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RBL Bank's Chatbot 'RBL Cares', Now Enables Banking Transactions

The Chatbot has been built in partnership with Senseforth.ai, a leader in the Conversational AI space.

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NEFT Transaction Facility Available 24x7, Says RBI

Prior to this, people could transfer money online between 8 am and 6:30 pm on the days when banks were open.

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NEFT Transactions To Be Available 24x7 From Dec 16

RTGS is meant for large-value instantaneous fund transfers, while NEFT is used for fund transfers of up to Rs 2 lakh.

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No Levying Of Charges On NEFT Payment From January: RBI To Banks

RBI has also proposed that FAS Tags would be enabled to pay for parking fee and even at fuel stations.

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