Sponsored
    Follow Us:

RTGS

Latest Articles


FAQ on Real Time Gross Settlement (RTGS) System

Finance : The acronym RTGS stands for Real Time Gross Settlement. RTGS system is a funds transfer mechanism where transfer of money takes pl...

November 2, 2022 5915 Views 0 comment Print

Check IFSC Code Indian Directory

Finance : IFSC – Indian Financial System Code is an 11 digit alphanumeric code. IFSC code is used to detect the bank branch for any partic...

March 18, 2021 2976 Views 0 comment Print

RBI to phase out high value clearing for Cheques drawn over 1 Lakh Rupees

Fema / RBI : High value clearing, the facility that enables depositors to encash cheques drawn for over Rs 1 lakh the next day, is set to be ph...

April 24, 2009 972 Views 0 comment Print


Latest News


RBI decides to waive RTGS/NEFT Charges & will review ATM charges

Fema / RBI : Review of Charges for RBI-operated Payment Systems The Reserve Bank levies minimum charges on banks for transactions routed throug...

June 6, 2019 1506 Views 1 comment Print

RBI to upgrade high-value fund transfer system RTGS

Fema / RBI : The Reserve Bank plans to upgrade its high-value online fund transfer system RTGS to enable handling of up to 50 lakh transactions...

March 4, 2011 6704 Views 41 comments Print

RBI Asks Banks to Promote E-Payment Options

Fema / RBI : The Reserve Bank of India, or RBI, has told a bunch of top bank executives to push the use of electronic transactions among custom...

November 9, 2010 441 Views 0 comment Print

RBI raises RTGS transfer limit to Rs 2 lakh

Corporate Law : An amount to up to Rs 2 lakh can now be transferred through banks free of cost. The Reserve Bank of India has raised the threshold...

November 6, 2010 688 Views 0 comment Print

RBI to phase out high value clearing for Cheques drawn over 1 Lakh Rupees

Fema / RBI : High value clearing, the facility that enables depositors to encash cheques drawn for over Rs 1 lakh the next day, is set to be ph...

April 24, 2009 972 Views 0 comment Print


Latest Judiciary


Absence of thorough verification of origin of cash funds: ITAT directs re-adjudication

Income Tax : Explore the case of Shantabai Jasraj Lodha challenging additions made by CIT(A) - NFAC regarding a Rs.20 lakhs deposit during demo...

March 21, 2024 366 Views 0 comment Print

ITAT Allows ESOP Expenditure claimed Within Section 139(5) Time Limit

Income Tax : Read the detailed analysis of Fortune Park Hotels Ltd vs. ACIT case where ITAT Delhi allowed deduction of ESOP expenses claimed wi...

March 19, 2024 420 Views 0 comment Print

Reassessment proceedings unsustainable as material facts fully and truly disclosed

Income Tax : ITAT Delhi held that initiation of proceedings under section 147/148 of the Income Tax Act unsustainable as there was on failure o...

June 8, 2023 990 Views 0 comment Print


Latest Notifications


RBI announces launching of RTGS 24x7x365 wef 14.12.2020

Fema / RBI : RBI announced that RTGS will be available round the clock on all days of the year. Accordingly, RTGS 24x7x365 will be launched wit...

December 9, 2020 7047 Views 0 comment Print

24×7 Availability of Real Time Gross Settlement (RTGS) System

Fema / RBI : i. RTGS shall be available for customer and inter-bank transactions round the clock, except for the interval between ‘end-of-day...

December 4, 2020 1269 Views 0 comment Print

RBI taken step to expand RTGS and NEFT facility to more banks

Fema / RBI : Under the overall guidance of the Board for Payment and Settlement Systems, the Reserve Bank over the last few years, has been tak...

April 9, 2012 1774 Views 0 comment Print

Opening of Current Account and Subsidiary General Ledger Account with Reserve Bank and Membership of Indian Financial Network (INFINET) and Real Time Gross Settlement (RTGS) System

Fema / RBI : In the Second Quarter Review of Monetary Policy of the Reserve Bank of India for the Year 2010-11, it was announced that Urban Co-...

November 16, 2010 435 Views 0 comment Print

Electronic Payment Products – Processing Inward Transactions based soley on Account Number Information

Fema / RBI : In this connection, we enclose a copy of the circular DPSS. (CO). EPPD. No.863 / 04.03.01 / 2010-11 dated October 14, 2010 issued...

November 12, 2010 583 Views 0 comment Print


Latest Posts in RTGS

Absence of thorough verification of origin of cash funds: ITAT directs re-adjudication

March 21, 2024 366 Views 0 comment Print

Explore the case of Shantabai Jasraj Lodha challenging additions made by CIT(A) – NFAC regarding a Rs.20 lakhs deposit during demonetization. Analysis reveals discrepancies and remand for further verification.

ITAT Allows ESOP Expenditure claimed Within Section 139(5) Time Limit

March 19, 2024 420 Views 0 comment Print

Read the detailed analysis of Fortune Park Hotels Ltd vs. ACIT case where ITAT Delhi allowed deduction of ESOP expenses claimed within the prescribed time limit.

Reassessment proceedings unsustainable as material facts fully and truly disclosed

June 8, 2023 990 Views 0 comment Print

ITAT Delhi held that initiation of proceedings under section 147/148 of the Income Tax Act unsustainable as there was on failure on the part of the assessee to disclose fully and truly all the material facts.

FAQ on Real Time Gross Settlement (RTGS) System

November 2, 2022 5915 Views 0 comment Print

The acronym RTGS stands for Real Time Gross Settlement. RTGS system is a funds transfer mechanism where transfer of money takes place from one bank to another on a real time and on gross basis. This is the fastest possible money transfer system through the banking channel. Settlement in real time means payment transaction is not subjected to any waiting period. The transactions are settled as soon as they are processed. Gross settlement means the transaction is settled on one to one basis without bunching with any other transaction. Considering that money transfer takes place in the books of the Reserve Bank of India, the payment is taken as final and irrevocable.

Check IFSC Code Indian Directory

March 18, 2021 2976 Views 0 comment Print

IFSC – Indian Financial System Code is an 11 digit alphanumeric code. IFSC code is used to detect the bank branch for any particular bank account. Let us learn about the denotation of each digit in an IFSC code finder. The first four digits in an IFSC code define the name of your bank. The […]

RBI announces launching of RTGS 24x7x365 wef 14.12.2020

December 9, 2020 7047 Views 0 comment Print

RBI announced that RTGS will be available round the clock on all days of the year. Accordingly, RTGS 24x7x365 will be launched with effect from 00:30 hours on December 14, 2020.

24×7 Availability of Real Time Gross Settlement (RTGS) System

December 4, 2020 1269 Views 0 comment Print

i. RTGS shall be available for customer and inter-bank transactions round the clock, except for the interval between ‘end-of-day’ and ‘start-of-day’ processes, whose timings would be duly broadcasted through the RTGS system.

United Bank of India NEFT / RTGS Excel Utility

April 11, 2020 6030 Views 1 comment Print

United Bank of India NEFT / RTGS Utility for generating NEFT/RTGS Form at any time. You can add 2000 beneficiaries to the Form, hence when you need somebody’s Bank details in future,You can easily get it from this Form. Along with NEFT / RTGS form, you can Print respective cheque also. Now you are free […]

Union Bank of India NEFT/RTGS Utility

April 8, 2020 5181 Views 0 comment Print

Union Bank of India NEFT / RTGS Utility for generating NEFT/RTGS Form at any time. You can add 2000 beneficiaries to the Form, hence when you need somebody’s Bank details in future,You can easily get it from this Form. Along with NEFT / RTGS form, you can Print respective cheque also. Now you are free […]

Karnataka Bank – NEFT/RTGS Excel Utility

April 6, 2020 5097 Views 0 comment Print

Karnataka Bank NEFT / RTGS Utility for generating NEFT/RTGS Form at any time. You can add 2000 beneficiaries to the Form, hence when you need sombody’s Bank details in future,You can easily get it from this Form. Along with NEFT / RTGS form, you can Print respective cheque also. Now you are free from missing […]

Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031