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UCO Bank IMPS hit by tech glitches
The state-owned UCO Bank has suspended its Immediate Payment Service (IMPS) due to some technical glitches. The financial impact due to this is yet to
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Will UPI work in emergencies? RBI has a solution
RBI is planning a new payments systems which also work during emergiecy situations like war
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Here’s why you should ditch NEFT and use IMPS
IMPS charges are largely subject to the amount which is being transferred along with the bank’s policies.
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No holiday for salary, pension or EMI payments from Aug 1
Besides NEFT and RTGS, gross payment facility NACH will be available 24X7, RBI had announced.
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India tops in real time payments in 2020, pips China, US, UK
Digital literacy is still under 15% of the total population in India
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NEFT services will not be available on May 23, check details
The RTGS system will continue to be operational as usual during this period.
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Digital payments rise, but cash demand equally strong
Digital payments and cash complement each other as both clock substantial growth in the pandemic year
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Failed digital transactions bothering you? Here’s how the Ombudsman can help you
The Reserve Bank Of India had introduced an Ombudsman Scheme for Digital transactions in 2019, under Section 18 of Payment and Settlement Systems Act
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RTGS services won’t be available for 14 hours on April 18
"A technical upgrade of RTGS, targeted to enhance the resilience and to further improve the Disaster Recovery Time of the RTGS system, is scheduled af
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What happens when your UPI, IMPS bank transfer fails?
On April 1, banks were shut and several customers faced issues while transferring money
