Reserve Bank of India on Wednesday extended the National Electronic Funds Transfer (NEFT) and Real-Time Gross Settlement (RTGS) facilities to digital payments intermediaries. Till now, only banks were allowed to use RTGS and NEFT payments facility. The central bank also increased the maximum end of day balance for payment banks to ₹2 lakh from ₹1 lakh.
RTGS, NEFT money transfer facilities extended beyond banks
