SBI slashes NEFT, RTGS charges by up to 75 per cent

reuters  | Deccan Chronicle

Business, Economy

Reduced charges will be applicable on transactions done through internet banking and mobile banking services.

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.

Read more...