Bank service charges you should know about
Avoid paying unnecessary fees and charges by keeping track of your accounts and cards, and using chargeable bank services only if you need them
While NEFT and RTGS will no longer be chargeable, you will still need to pay for IMPS transactions
From this year, you would be paying no charges for bank transfers through NEFT (National Electronic Funds Transfer) or RTGS (Real-time Gross Settlement). The Reserve Bank of India (RBI) announced just after its July monetary policy review that processing charges levied on NEFT and RTGS transactions will not apply starting January 2020.