To restrict tax evasion, the Income Tax department has now revised Form 16 by adding more details like income from house property and remuneration received from other employers. As the changes came ...

The Real Time Gross Settlement System (RTGS) for high-value transactions will be available 24x7 on all days from December 14. This would make India one of the few countries to operate the system round ...

With RTGS, you can transfer funds over Rs 2 lakh instantly. There is no upper limit for RTGS transactions in. However, the minimum amount you can transfer is Rs 2 lakh with the help of RTGS facility ...

RTGS Transaction timings: To promote digital transactions, the Reserve Bank of India (RBI) has extended the transactions timing for Real-Time Gross Settlement (RTGS) system by an hour for its ...

1) Previously the timing for any RTGS transaction was till 4:30 pm. Now it has been extended to 6 pm. The final cut-off for inter-bank transactions will be 7:45 pm. 2) The new RTGS timings will be ...

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).

With RTGS becoming operational 24x7, India has become one of the few countries in the world to operate its RTGS system round the clock throughout the year. This comes within a year of operationalising ...