Posted in: neft, RBI, RBI issues order, RTGS

NEFT, RTGS transfer charges to be waived for savings account, RBI issues order

“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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