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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.
RBI to do away with payment charges on RTGS, NEFT transactions

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