Account holders will get free access to the bank's savings account from January 1, the RBI has ordered.
Latest news and updates from techgujgk given the chance to work with you and techgujgk publishes newspaper The Reserve Bank of India has made a big announcement giving relief to the common man. The RBI has issued a directive to banks that NEFT charges should not be levied at the time of online transaction from savings accounts. This rule will go into effect on January 1, 2020. This means that if you make a transaction through NEFT starting January 1, 2020, you will not be charged.
As you can tell, online transactions are using NEFT and RTGS. Both of these systems are maintained by RBI. Money can be exchanged through bank branch or internet and mobile banking through both these services. At present, money can be exchanged on all working days from 8am to 7pm.
NEFT (National Electronic Funds Transfer is a system for transferring funds through banks in other countries or sending money in other ways. With it, anyone can send money to that company.
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the bank's savings account from January 1, the RBI has ordered.
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