charge on online money transfer

Both NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement) are real-time payment systems maintained by the RBI and incur some associated charges.

RBI to do away with charges on online money transfer

Hindustan Times, Mumbai | By Vivina Vishwanathan
UPDATED ON JUN 06, 2019 12:32 PM IST
The meeting, first after the Lok Sabha elections, also decided to set up a committee involving all stakeholders, under the chairmanship of CEO Indian Banks’ Association (IBA), to examine the entire gamut of ATM charges and fees.
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