IMPS, NEFT and RTGS are all electronic funds transfer systems in India, but they differ in terms of speed, transaction limits, and fees. NEFT (National Electronic Funds Transfer) is an electronic ...

Cheque Truncation System (CTS) is a process of clearing cheques electronically rather than processing the physical cheque by the presenting bank en-route to the paying bank branch. It is a step ...

Recent steps taken by the Reserve Bank of India with regards to Real Time Gross Settlement System (RTGS) and cheque payments are set to make high-value payments and transactions simpler and safer.

Financial experts say that there are no hidden charges in case of DDs, unlike other transaction modes. Demand drafts need no introduction today. In fact, they are as familiar in India as cheques and ...

Over a decade things have changed and one would agree that the most traditional form of transferring money anywhere were National Electronic Fund Transfer (NEFT) and Real Time Gross Settlement (RTGS).

Private lender HDFC Bank has made online transactions through RTGS and NEFT free of cost from November 1, with an aim to promote a digital economy. On the other hand, various charges for ...