Big move by the RBI, NEFT facility available 24x7 now: All you need to know
In July, the RBI had waived off all charges on fund transfer through NEFT and RTGS and had also asked banks to pass on the benefits to the customers. Most of the banks like the ICICI Bank, State Bank of India (SBI) and HDFC Bank do not charge anything for online NEFT transfers.
Reserve Bank of India (RBI) has decided to provide an additional benefit for the smooth operation of payment system National Electronic Funds Transfer (NEFT), Photo: Reuters