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NEFT charges News

NEFT transactions

16 Dec 2019

NEFT transfer available 24x7 from today; Check other details

The RBI's latest move will facilitate digital transactions in India and the bank customers will now be able to transfer their amounts higher than IMPS via NEFT on any day any time.

Reserve Bank of India

08 Nov 2019

Banks asked not to levy NEFT charges on Savings Bank Accounts

To encourage the usage of digital transactions in India, the Reserve Bank of India (RBI) on Friday issued various proposals, and directed the banks "not to charge savings bank account customers for online transactions in the NEFT system with effect from January 2020".

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