SBI to cut NEFT, RTGS charges by up to 75%
July 14th, 2017
To encourage more customers to transact digitally, State Bank of India will slash charges for National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) transactions by up to 75 per cent with effect from July 15. The reduced charges will be applicable on the transactions done through the internet banking (INB) and mobile banking (MB). Additionally, the bank has also waived off charges for fund transfer of up to Rs. 1,000 done through Immediate Payment Service (IMPS) effective July 1, 2017.