Tag: neft

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

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

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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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Posted in: neft, NEFT payments, RBI

Your NEFT payments may soon stop attracting charges from as early

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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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