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Fund transfer via RTGS, NEFT gets cheaper

| Jul 01, 2019, 12:31:02 PM | Times Now
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Fund transfer via RTGS and NEFT is now set to become cheaper. This comes after the Reserve Bank of India has decided not to impose any charges on such transactions. RBI has also asked the banks to pass on the benefits to customers. Users can transfer upto Rs 2 lakh using the national electronic funds transfer (NEFT) system while the real-time gross settlement (RTGS) system allows large-value instantaneous fund transfers.

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