News for 'electronic-clearing-service'

What is Electronic Clearing Service?

ECS is an electronic mode of funds transfer from one bank account to another.

What Type Of Personal Loan Could You Opt For?

In addition to interest rates, review the fine print for penalties and repayment terms, and select a reputable lender to avoid harsh recovery practices.

No payment systems to work on 2nd, 4th Saturday from Sept 1: RBI

Will work full day on other Saturdays; bank branches to be shut on 2nd, 4th Saturday from next month

When Will Banks End Customer Harassment?

The branch managers have come out of their glass cabins and the sellers' market has transformed into a buyers' market, but there is no end to the harassment of customers, asserts Tamal Bandyopadhyay.

'When people needed oxygen, RBI gave them Horlicks'

'Are they assuming that by the end of May or the 15th of June, we will see the end of the pandemic?'

NUE: 6 in fray for digital payments licence

The race to get a New Umbrella Entity (NUE) licence for digital payments may get crowded. As many as six consortiums are said to be in the fray to apply for an NUE licence, which would create a for-profit National Payments Corporation of India (NPCI)-like body for retail payments. A consortium led by Financial Software and Systems (FSS), a leading provider of payment products and payment processor, is in talks and may file an application to the RBI for an NUE license, said sources aware of the development. The other constituents of this group include Indian Bank, Central Bank of India, India Post Payments Bank, National Bank for Agriculture and Rural Development (Nabard), and a few small finance banks.

No processing fee for electronic funds transfer no

Banks to cut e-fund transfer charges

Torn notes? Use an RBI drop box

Haven't received your I-T refund? This is what you must do

Check the status and immediately act on it

Bank mergers: Changes that customers can expect

Loan rates will change at the next reset, while deposit rates will continue till maturity.