Tag: NEFT
rbi: RBI working on light weight, portable payment system for critical transactions during catastrophic events
Reserve Bank of India is working on a light weight and portable payment system, a “bunker equivalent in payment systems”, that can be used for…
RBI plans new payment system to safeguard essential payments against digital attack, natural calamities
The Reserve Bank of India (RBI) has conceptualised a lightweight payment and settlement system (LPSS) that can be operated from anywhere by a bare minimum…
RBI News: RBI asks banks to keep branches open till March 31 for annual closing
The Reserve Bank of India (RBI) on Tuesday directed banks to keep their branches open till working hours of March 31, 2023, a press release…
HDFC Bank, Lulu Exchange ink deal to enhance cross-border payments between India-Gulf region
HDFC Bank, a major private sector bank, and UAE-based Lulu Exchange have signed an MoU to strengthen cross-border payments between India and the Gulf Cooperation…
NEFT: RBI makes changes in NEFT, RTGS for daily reporting of foreign remittances
With the Home Ministry mandating SBI to report all details of overseas donors, including purpose of remittances on daily basis, the Reserve Bank of India…