RBI scraped NEFT, RTGS transaction charges, banks to pass on benefits
The Reserve Bank of India (RBI) on Thursday announced that it is removing all charges on money transfers done through the Real-Time Gross Settlement (RTGS) and the National Electronic Funds Transfer (NEFT) modes. Till now, banks normally charged anywhere between Rs 30 and Rs 55 for a single RTGS transaction, while NEFT charges could go […]
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