NEFT/RTGS charges removed; ATM charges to be reviewed
Thursday, June 6, 2019 • Tamil
Listen to article
--:-- / --:--
1x
This is a beta feature and we would love to hear your feedback?
Send us your feedback to audioarticles@vaarta.com
Send us your feedback to audioarticles@vaarta.com
Reserve Bank of India is making the right moves to encourage digital transactions in consonance with the government policyThe . On Thursday, it issued a circular asking banks to take steps to end RTGS (Real Time Gross Settlement System) and NEFT (National Electronic Funds Transfer) charges.
Hitherto, the banks have been levied a charge by the RBI on NEFT and RTGS transactions. And, in order to recover these costs, the banks have been charging the customers. Now that the RBI has decided to stop levying charges on these transactions, the banks are expected to pass on the benefit to the customers.
There has been a demand from users to either end or rationalize ATM charges/fees. The RBI has formed a committee to look into the matter and make recommendations.
All in all, the latest moves by the RBI bode well for the users of online transactions.
Follow us on Google News and stay updated with the latest!
Follow
Comments
Welcome to IndiaGlitz comments! Please keep conversations courteous and relevant to the topic. To ensure productive and respectful discussions, you may see comments from our Community Managers, marked with an "IndiaGlitz Staff" label. For more details, refer to our community guidelines.
- logoutLogout
Login to post comment
More News
Headlines
-a3e.jpg "T.S. Balaiya made M.G.R. a hero... narrated by Jai Balaiya Ganesh.")
-3c4.jpg "Sivakarthikeyan has a strong interest in drama... The reason behind my success is Kamal... says Crazy Mohan.")
-e5c.jpg "It was wrong for Savitri to love Gemini. Everyone has a dark side... says actor Rajesh.")
-e66.jpg "In Andhra, Gemini was the villain, and there was emotional pain with her sister... Savitri's daughter Vijaya Chamundeswari.")
-71b.jpg "Looking at Crazy Mohan's dialogues, I developed an inferiority complex... explains Visu.")
-5d5.jpg "Love letters in bundles... it was women who pursued him... - Kamala Selvaraj")
-adc.jpg "Why did you choose alcohol as your companion, Amma?... Jayachitra on Nadigaiyar Thilagam (Savitri)")
-798.jpg "The truth that Sowcar Janaki says: 'If a biopic of politicians is made, it will stink")
-7c2.jpg "The astrologer said that I will act till the end of my life... Vennira Aadai Moorthy")
