Earlier the Reserve Bank of India (RBI) has announced that that this will provide a fillip to India's digital payments initiative

Last year, the RBI had also made the services of the National Electronic Fund Transfer (NEFT) be available 24*7.

Farmers reject Centre's 3-point draft proposal; call for pan-India protests on Dec 14 Farmer bodies protesting against the contentious farm bills have rejected the proposed amendments Centre suggested on Wednesday. The decision was followed by measures to further intesify the protests against the recently formed agriculture laws. Dissenting farmers, who have been protesting at borders of Delhi for the past 14 days, have said that they will block Delhi-Agra and Delhi-Jaipur highways on Decem...

Round the clock availability of RTGS will provide extended flexibility to businesses for effecting payments and will enable introduction of additional settlement cycles in ancillary payment systems, says RBI

Currently, RTGS is available for customers from 7.00 am to 6.00 pm on all working days of a week, except second and fourth Saturdays of every month

The changes are expected to be for the better.  So, from RTGS, LPG cylinder price to policy premiums, here is what all is going to change.

RBI Governor Shaktikanta Das said, 'With this, India will be one of the very few countries globally with a 24x7x365 large value real-time payment system,'

India will be among a select few countries to have this facility. For this, payment system operators to be licenced on a perpetual basis, says RBI Governor Shaktikanta Das 

MPC Meet Live Updates: Shaktikanta Das says the monetary policy committee has voted unanimously to keep repo rate unchanged; India will see a \"3-speed recovery\", though it will vary from sectors-to-sectors, says the RBI Governor

Global studies show ownership does not make enterprises efficient, factors like competition, autonomy, regulation and institutional development do. Evidence also shows that private sector thrives on public hand-outs in normal times and public bail-outs in crises

The problems with the Fasal Bima Yojana and how the scheme can be fixed

The war-room is manned by 90 most critical staff from the Reserve Bank, 60 key personnel from its 600-people strong workforce from its external vendors and around 70 facility staff

UPI was thoughtfully planned and critical aspects of its design led to its success, says the company, adding that its three aspects -- interbank transfer and real-time system and open system -- led to the platform's major success in India

The number of free cash withdrawals at SBI ATM will now range from 2-15 and the customers are expected to maintain an average monthly balance (AMB), depending on branch categories

The State Bank of India has revised service charges for deposits and withdrawal as well as ATM transactions that will kick in on October 1. Here's all you need to know.

Under the revised rule, if someone does not maintain Rs 3,000 as average monthly balance and falls short by 50 per cent (that is Rs 1,500) the individual will be charged Rs 10 plus GST.

This is the second time RBI has increased the time period for RTGS payment system. The apex bank had extended RTGS timings by one-and-a-half hours to 6pm from June 1.

The repo-linked borrowing by banks will help the new borrowers, but it is unlikely to scale up in a big way

From Monday, the RTGS system will be available for customer transactions from 7 am onwards, instead of 8 am currently