RBI abolishes RTGS and NEFT transactions processing charges. Banks to pass benefits to customers
June 6, 2019
RBI
RBI abolishes RTGS and NEFT transactions charges, ATM Fee Structure also under review. The Reserve Bank levies minimum charges on banks for transactions routed through its Real Time Gross Settlement System (RTGS) meant for large-value instantaneous fund transfers and the National Electronic Funds Transfer (NEFT) System for other …