rtgs

Digital payments: How do UPI, UPI Lite, NEFT, RTGS work? Know the differences, charges, time taken

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Digital payments: How do UPI, UPI Lite, NEFT, RTGS work? Know the differences, charges, time taken

Digital payments are transactions conducted through digital or online mediums, utilizing electronic methods for money exchange between the payer and the payee. In India, there is a diverse range of payment options available, including cash, credit and debit cards, UPI (Unified Payments Interface), mobile wallets, NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), … Read more

FDs for Senior citizen: DBS Bank India launches priority banking program; top points here

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FDs for Senior citizen: DBS Bank India launches priority banking program; top points here

DBS Bank India has announced the launch of its new offering, ‘DBS Golden Circle’. This priority banking program has been carefully crafted to address the specific needs of senior citizens. Designed for resident Indian individuals aged 60 and above, the program provides an array of exclusive benefits and services to simplify and enhance the banking … Read more

More Indians are now tapping mobiles to pay than cards

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More Indians are now tapping mobiles to pay than cards

The subdued spends on credit cards in FY21 also reflected in banks’ credit growth. Synopsis The number of card-based transactions through credit and debit modes decreased by 19 per cent and 20.6 per cent, respectively in FY21. The value of these card-based transactions, too, fell by 13.7 per cent and 5.9 per cent, respectively to … Read more

Rebooting ease of trade: RTGS 24×7, 365 days is a game changer for markets, businesses

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Rebooting ease of trade: RTGS 24×7, 365 days is a game changer for markets, businesses

Mumbai: The central bank move to allow large-value fund transfers 24×7 through the Real Time Gross Settlement (RTGS) system has the potential to eliminate delays in the movement of money, helping quicken the pace of trade in India. Funds above Rs 2 lakh can now be transferred through the RTGS system anytime of the day … Read more