SBI reduces charges for NEFT, RTGS by upto 75%

New Delhi, July 13 (KNN) The State Bank of India has reduced the charges for National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) by up to 75%.

The new charges will be effective from 15 July, 2017.

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 Rs 1,000 through IMPS (Immediate Payment Service) to promote small transactions.