RTGS, NEFT to cost less from July 1
BY Agencies11 Jun 2019 6:34 PM GMT
Agencies11 Jun 2019 6:34 PM GMT
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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