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

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

Update: 2017-07-13 07:22 GMT

As we go forward, we will actually take a call (on IPO) and that call is to be taken by the promoters...at some point of time this decision will be taken, SBI Card Managing Director and Chief Executive Officer Hardayal Prasad said.

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.

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

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

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