Content creators mean business
Social media influencers are flipping the rules by first getting followers and then launching products and ...
Transactions via National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) were affected for almost 12 hours beginning Monday midnight due to a technical glitch at the Reserve Bank of India (RBI) end, said bankers.
The problem seems to have been encountered by Indian Financial Technology & Allied Services (IFTAS), a RBI subsidiary, when moving the disaster recovery site from one location to another, they added. This, however, could not be confirmed.
“We are trying to complete the end-of-day for RTGS transactions of the previous day. The start-of-day for RTGS has not happened. NEFT transactions have now been restored,” said a banker, adding normalcy in RTGS is expected to be fully restored shortly.
A message sent to the RBI requesting information on the status of NEFT and RTGS did not elicit any response at the time of publishing this story.
NEFT is a nationwide payment system facilitating one-to-one funds transfer. Under this, individuals, firms and corporates can electronically transfer funds from any bank branch to any individual, firm or corporate having an account with any other bank branch in the country participating in the scheme. There is no limit — minimum or maximum — on the amount of funds that can be transferred using NEFT.
RTGS is a system where there is continuous and real-time settlement of funds transfers, individually, on a transaction-by-transaction basis (without netting). The system is primarily meant for large-value transactions. While the minimum amount that can be remitted through RTGS is ₹2 lakh, there is no upper ceiling.
Social media influencers are flipping the rules by first getting followers and then launching products and ...
Paneer, once alien to the South, has found a lucrative market in Chennai
WPP agency Wunderman Thompson has launched its annual Future 100 report, lifting the lid on trends shaping the ...
Carriers claim that all measures — including pre-flight tests, cabin sanitisation and fresh air inflow — have ...
What filters should you apply when mining for under-the-radar small-cap stocks? Read on to find more
High valuation, intensely competitive landscape and small cap nature of the stock are key risks.
Amid choppiness, the benchmark indices slipped marginally; approach the week with caution
SBI Cards (₹1,032.7): Witnesses fresh breakoutBetween September and December last year, the stock of SBI Cards ...
Marie leaned back in the chair, holding the brandy to her chest, the rain tapping on the windowpanes. She ...
The rain in Wales falls mainly in the plains...Wait, that is Spain. Let’s start again.Women in deep red ...
The coffee beans were soaked in rum casks:Food can be imported, books sent across seas — as touching rituals ...
That weekend came the news that Champa’s elder daughter was engaged, the proof arriving in the form of Jaimini ...
Social media influencers are flipping the rules by first getting followers and then launching products and ...
WPP agency Wunderman Thompson has launched its annual Future 100 report, lifting the lid on trends shaping the ...
Paneer, once alien to the South, has found a lucrative market in Chennai
The Flipkart kids playing adults are back — this time to push the home grown e-commerce marketplace’s grocery ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor