Page-2 of NEFT Current Affairs, GK & News

RBI scraps charges on NEFT and RTGS Transfers

The Reserve Bank of India (RBI) s scrapped the charges on fund transfers through RTGS and NEFT. The RBI has taken the decision to boost digital transactions and asked banks to pass on the benefits to customers. NEFT and RTGS Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) are the bank transfer ..

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Recommendations of the Nilekani Panel for strengthening Digital Payments

The panel headed by Nandan Nilekani has submitted the recommendations to the Reserve Bank of India (RBI) for strengthening digital payments ecosystem. Recommendations of the Nilekani Panel The committee has listed a comprehensive set of regulatory interventions that will be needed to achieve the goal of a less-cash economy. The recommendations include: Easing KYC costs ..

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Nilekani Panel suggests measures to encourage Digital Payments

The Reserve Bank of India (RBI) appointed Nandan Nilekani committee has submitted its suggestions on measures to encourage digital payments in India to RBI Governor Shaktikanta Das. Background: In January 2019 the RBI had set up the five-member panel under the chairmanship of Nandan Nilekani to provide suggestions on deepening digital payments with a view ..

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