Waiver of Charges on National Electronic Fund Transfer (NEFT) and Real Time Gross Settlement (RTGS) Systems

RBI vide Notification No. RBI/2018-2019/2018 dated June 11, 2019, RBI has decided that with effect from 1st July,

2019 processing charges and Time Varying charges levied by RBI on banks for NEFT and RTGS transactions   will be waived.

Banks are advised to pass on the benefits to their customers for NEFT and RTGS transactions with effect from 1st July, 2019.


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