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To encourage digital payments, RBI eliminates charges on RTGS, NEFT transactions from July 1

Updated : June 11, 2019 08:41 PM IST

Country's largest bank SBI charges between Re 1 and Rs 5 for transactions through NEFT and between Rs 5 and Rs 50 for RTGS route.
The Reserve Bank levies "minimum charges" on banks for transactions routed through its RTGS and NEFT, and banks, in turn, levy charges on their customers.
To encourage digital payments, RBI eliminates charges on RTGS, NEFT transactions from July 1

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