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Updated Apr 17, 2021 | 11:39 IST RBI has directed banks to inform their customers so that they can plan their payment operations accordingly. In the meanwhile, users can take advantage of the National Electronic Fund Transfer (NEFT) service Bank update! RTGS will not be functional on these dates  New Delhi: If you are planning large transactions of Rs 2 lakh or above on Sunday, you will have to reschdule as RTGS will not be functional for several hours. Reserve Bank of India (RBI) has notified that bank users will not be able to use the real-time gross settlement (RTGS) after the close of business hours on April 17, 2021, till 2 pm on Sunday, April 18, 2021. ....
× BI-FAST or be dead: The consequences of Indonesia’s new real-time payments system E-money wallets have grown into a US$13 billion industry in Indonesia, but bank transfers remain cumbersome and are not free. A new payment settlement system, BI-FAST, promises to finally modernise things 8 Feb 2021 Sending money between banks in Indonesia today is confusing; transfers are not settled in real-time and they include fees The Indonesian government is channeling Singapore and India to launch a new system for the digital era called BI-FAST Making retail payments and interbank transfers cheap and frictionless will shake up the power balance in payments ....
RTGS I RTGS facility for high-value payments now available 24x7: Know how it's different from NEFT timesnownews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesnownews.com Daily Mail and Mail on Sunday newspapers.