NEFT records a high of over 4 crore single-day transactions

Mar 02, 2024

The National Electronic Funds Transfer (NEFT) system has achieved a milestone by processing over 4 crore transactions, the highest number of transactions processed in...

RBI directs banks to implement beneficiary name look-up for RTGS, NEFT transfers by April 2025

Dec 31, 2024

The Reserve Bank of India (RBI) has directed banks giving Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) services to introduce...

IDFC FIRST announces zero-fee banking for 25 services in savings accounts

Dec 18, 2022

The Bank has waived off fees on 25 commonly-used banking services related to savings accounts such as cash deposit and withdrawal at branches, third-party...

No NEFT service for 14 hours on May 23: RBI

May 17, 2021

Mumbai (Maharashtra) [India], May 17 : The National Electronic Fund Transfer (NEFT) service will not be available for 14 hours on May 23, the...

Frozen Palestinian funds earmarked for Gaza to be transferred to Norway

Jan 22, 2024

Israel's Security Cabinet approved a plan to transfer frozen funds earmarked for the Palestinian Authority to Norway on Sunday amid a battle over Ramallah's...

Himachal govt to transfer funds to students for school uniform

Mar 13, 2023

With the aim to ensure better amenities to the students of the government schools, the Himachal Pradesh government has decided to transfer an amount...