RTGS, NEFT to cost less from July 1
BY Agencies12 Jun 2019 12:04 AM IST
Agencies12 Jun 2019 12:04 AM IST
Mumbai: The RBI said it will waive all charges on fund transfer through popular RTGS and NEFT systems from July 1 and asked banks to pass on the benefits to customers from the same day. RTGS is meant for large-value instantaneous fund transfers while NEFT is used for fund transfers of up to Rs 2 lakh.
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