RTGS, NEFT charges to come down, money transfer to get cheaper
- In order to give a boost to digital funds movement, the central bank decided to do away with the RTGS and NEFT charges
- RBI levies minimum charges on banks for transactions routed through its RTGS and NEFT system for other fund transfers
New Delhi: The Reserve Bank of India (RBI) has decided to eliminate levy on online payment modes -- Real Time Gross Settlement System (RTGS) and National Electronic Funds Transfer (NEFT) – a move that is expected to make such transactions cheaper.
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