He penned down his thoughts, backed by numbers and data on a lengthy Facebook note.

Earlier, customers were levied Rs 25 each for Rs 2-5 lakh online transaction via RTGS and Rs 50 each for such money transfers over Rs 5 lakh.

The expansion plans in accordance to Masterplan 2016 which DIAL finalised last year after consultation with Ministry of Civil Aviation and other stakeholders.

The Unions call for nation-wide strike came in the backdrop of a news that the government was working on a consolidation agenda with a view to creating 3-4 global-sized banks and reduce the number of state-owned lenders to about 12.

A decline in the value of transactions via NEFT to Rs 12,115.1 billion from Rs 12,694.2 billion in June 2017 led the fall in July.

The new interest rates on savings bank deposits will be come into effect from 31st July.

The decline in charges will be effective from July 15, 2017 and will be applicable on money transactions through internet banking and mobile banking services.

The National Electronic Fund Transfer, or NEFT, is one of the most commonly-used ways of transferring money online from one bank account to another.

The transition to a cashless economy requires building a safe and secure payment infrastructure.

Several government steps over the years have made digital payments affordable.

The National Electronic Fund Transfer, or NEFT, is one of the most commonly-used ways of transferring money online from one bank account to another. But until now it had a limitation - transfer was not instantaneous.

In Budget'17, Finance Minister Arun Jaitley has an opportunity to kill two birds with one stone - provide Standard Deduction to the salaried class, and still push digital transactions.

Airtel Payments Bank- a joint venture between Bharti Airtel and Kotak Mahindra Bank  offers you an interest rate of 7.25 per cent on their savings account.

Submitting the Budget proposals of the chamber to Finance Minister Arun Jaitley, its President Gopal Jiwarajka also demanded to increase the rebate on interest paid on housing loan by Rs 1.5 lakh from 2017-18.

Digital transactions have increased sharply after demonetisation. The trend has been helped by the plethora of options available today for online transfer of funds. But there is a flip side to this too. The sheer number of options makes it difficult to people to decide which one is best for them.

We help you choose the best way to make online fund transfers

In order to encourage digital transactions, the Finance Ministry today asked PSU banks to restrict fees on payments through IMPS and UPI to the extent that is applicable for NEFT fund transfer of over Rs 1,000.

After demonetisation, cashless payment methods have become anecessity for both rural and urban populations.

We outline some of the different ways to transfer money online.

PM Narendra Modi's regime is squeezing the avenues for generation and circulation of black money, but more reforms are needed to speed things up.