RBI to do away with payment charges on RTGS, NEFT transactions
Updated : June 06, 2019 01:28 PM IST
National Electronic Fund Transfer (NEFT) is a payment system facilitating funds transfers from one bank account to another while Real Time Gross Settlement (RTGS) is a facility used for transferring high-value amounts.
The move by the RBI would either result in free payments or minimal charges via NEFT and RTGS.
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