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RTGS NEWS

Mumbai: Fraudsters fake email ID, letterhead to steal Rs 34 lakh from car dealership's bank account

October 25, 2023 7:21 pm

The RTGS transaction was carried out after the bank received a request with two signatures, which fully matched with the records, according to police.

RTGS service will be unavailable for 14 hours on Sunday: Here's what you need to know

April 16, 2021 1:00 pm

The Reserve Bank of India (RBI) has said that RTGS service will not be available from 00:00 hours to 14:00 hours on Sunday, April 18, 2021. However, NEFT service will continue to be operational as usual during this period for transferring funds.

RTGS to become 24x7 from December

October 10, 2020 12:46 am

With this, India will be among the few countries globally with a large value payment ecosystem.

RBI removes charges on RTGS/NEFT transactions; asks banks to pass on benefits

June 06, 2019 3:50 pm

The Real Time Gross Settlement System (RTGS) is meant for large-value instantaneous fund transfers while the National Electronic Funds Transfer (NEFT) System is used for fund transfers up to Rs 2 lakh.

Explained: Why RBI has cut lending rates for the third consecutive time

Explained: RBI extends time window for online RTGS transactions

May 29, 2019 3:51 pm

“It has been decided to extend the timings for customer transactions (initial cut-off) in RTGS from 4:30 pm to 6:00 pm,” said RBI in its release on Wednesday.

Zimbabwe struggles to convince doubters as it launches new currency

February 25, 2019 8:06 am

Zimbabwe's currency woes have undermined President Emmerson Mnangagwa's efforts to win back foreign investors who were sidelined under his ousted predecessor, Robert Mugabe.

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SBI reduces NEFT, RTGS charges upto 75%

July 13, 2017 3:51 pm

The reduced charges on NEFT and RTGS will be applicable on the transactions done through internet banking and mobile banking services offered by the bank, the bank said in an official statement here on Thursday.

Choksi and his nephew Nirav Modi are wanted in the alleged Punjab National Bank fraud case that they allegedly orchestrated through fraudulent Letters of Undertaking in connivance with some bank officials at the Brady House branch in Mumbai.

‘Personal space, adequate light’: India assures Belgium on Mehul Choksi if extradited

India2 hr ago

Four months after Mehul Choksi, the fugitive diamond trader wanted in India for the alleged Rs 13,000 crore Punjab National Bank (PNB) loan fraud case, was arrested in Belgium, India sent a letter of assurance to the country’s government, saying it will keep him in Mumbai’s Arthur Road jail complex, “if extradited”.

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