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No NEFT, RTGS Transfer Charges on Saving Accounts across banks, RBI Issues Order

There will not be any charges on NEFT and RTGS done through the saving account. Recently RBI had made National Electronic Funds Transfer (NEFT) system 24x7,in addition to this the Reserve Bank of India (RBI) has now instructed banks to...

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Why Transfer of Funds Between Mobile eWallets Bad for Banks ?

RBI has allowed the transfer of funds facilities between different Mobile eWallets. Now any of the mobile ewallets users like PayTm, Mobikwik, Oxigen, Freecharge etc may transfer of money between themselves i.e. from PayTm to freecharge or Oxigen or Mobikwik...

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