NEFT witnesses highest ever daily transaction on Feb 29

Mumbai: The Reserve Bank of India (RBI) announced on Friday that the National Electronic Funds Transfer (NEFT) recorded its highest-ever daily transaction volume of Rs 4.10 crore on February 29, 2024.

SBI to not levy service charge on online IMPS transactions up to Rs 5 lakhs

Mumbai/IBNS: Public sector lender State Bank of India Tuesday said it would not levy any service charge on online Immediate Payment Service (IMPS) transactions up to Rs 5 lakh.

How Cash-on-mobile offers Incredible Convenience for Frequent Transactions

When I first entered college, I was brimming with excitement at the prospect of the freedom typically associated with college life. Even though I was a little sad about moving to another city, and leaving my mom and dad behind, I wanted nothing more than to experience the thrills of college life.

RBI allows 24x7 NEFT transfer from Dec 16

Mumbai/IBNS: After rolling back the National Electronic Funds Transfer (NEFT) charges in July, the RBI has decided to do away with the time limit for the digital transaction from Dec 16, the Central bank said in a notification.