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SBI: Charges for NEFT, RTGS slashed by 75 per cent

REUTERS
Published : Jul 13, 2017, 12:56 pm IST
Updated : Jul 13, 2017, 12:56 pm IST

SBI also waived charges for fund transfer of up to Rs 1,000 through IMPS to promote small transactions.

SBI reduced the NEFT and RTGS charges up to 75 per cent.
 SBI reduced the NEFT and RTGS charges up to 75 per cent.

New Delhi: The State Bank of India (SBI), the largest commercial bank in the country, on Thursday reduced the National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) charges up to 75 per cent, effective from 15 July.

The reduced charges will be applicable on the transactions done through internet banking and mobile banking services offered by the bank.

The bank had on Wednesday waived charges for fund transfer of up to Rs1,000 through IMPS (Immediate Payment Service) to promote small transactions.

Tags: sbi, rtgs, neft, electronic transaction, internet banking
Location: India, Maharashtra, Mumbai (Bombay)