Banking Awareness Current Affairs. #Business and Economy#Business and Economy.SBI to waive off the charges on NEFT, RTGS & IMPS.State Bank of India (SBI)has waived the charges on National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) transactions through YONO, Internet, and mobile banking. This will be effective from July 1. The move comes after the Reserve Bank of India (RBI) has decided to waive off the charges with an aim to move the country towards a less-cash economy. Before July 1, SBI used to charge between Rs.1 and Rs.5 for transactions through NEFT, and Rs.5 to 50 for RTGS transactions.SBI has also decided to do away with the charges on fund transfer using the Immediate Payment Service (IMPS) through mobile phones. It will be effective from August 1. The bank has reduced NEFT and RTGS charges for customers transacting through branch network by 20% across all slabs.&

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Banking Awareness Current Affairs. #Business and Economy#Business and Economy.

SBI to waive off the charges on NEFT, RTGS & IMPS.
State Bank of India (SBI)has waived the charges on National Electronic Funds Transfer (NEFT) and Real Time Gross Settleme...

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