SBI waives NEFT and RTGS fees to boost electronic transactions



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The State Bank of India announced on Friday the removal of charges on IMPS, NEFT and RTGS transactions via the Internet and mobile banking, after the Reserve Bank of India decided to do so in order to move the country to a less competitive economy. profitable. While the exemption of charges for NEFT, the RTGS transaction for YONO, Internet banking and mobile banking came into effect on July 1, IMPS charges will be removed from August 1 on all these platforms. Platforms. , while the NEFT system is used for fund transactions of up to 2 lakh.

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