NEFT
NEFT transactions to be available 24x7 from Dec 16
RTGS is meant for large-value instantaneous fund transfers, while NEFT is used for fund transfers of up to Rs 2 lakh.
No NEFT charges from January
The RBI this year had done away with charges on NEFT and RTGS transactions and asked banks to pass on the benefit to their customers.
No levying of charges on NEFT payment from January: RBI to banks
RBI has also proposed that FASTags would be enabled to pay for parking fee and even at fuel stations.
RBI to allow round-the-clock fund transfers under NEFT from December
RBI had said that it will make available the NEFT system on a 24x7 basis from December 2019.
State Bank of India waives off IMPS, NEFT and RTGS charges
This means that SBI account holders will not have to pay fees for online money transfers.
HDFC Bank makes RTGS, NEFT online transactions free from Nov 1
NEFT or RTGS transaction carried out at the bank branch will be payable.
SBI revises IMPS charges, scraps fee for Rs 1,000 transaction
Country's largest public sector bank says move aims to promote small ticket transactions.
New NEFT, RTGS fees for SBI customers started today
Also, new revised charges for NEFT, RTGS will attract GST rate of 18 per cent.
Pay 75 per cent less for NEFT, RTGS transactions with SBI
SBI has also waived charges for fund transfer of up to Rs 1,000 done through Immediate Payment Service (IMPS).
SBI: Charges for NEFT, RTGS slashed by 75 per cent
SBI also waived charges for fund transfer of up to Rs 1,000 through IMPS to promote small transactions.