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“In order to give further impetus to digital retail payments, it has now been decided that member banks shall not levy any charges from their savings bank account holders for funds transfers done through NEFT system which are initiated online (viz. internet banking and/or mobile apps of the banks),” the RBI said in a notification […]
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The number of transactions on the Unified Payments Interface (UPI) platform is fast catching up. The ease in making fund transfers even without using credit cards is making people adapt to this new mode of money transfer through mobile phones. However, as with most financial technology, comes the risk of losing money, especially when adequate […]
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Your NEFT payments may soon stop attracting charges from as early as January 2020. In the latest move from the government to boost digital payments, the Reserve Bank of India has mandated the banks to not levy charges on NEFT payments made from a savings bank account, RBI said in a statement on Friday. Among […]
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