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FM&nbsp;Sitharaman said, "To promote other electronic modes of payment, it is proposed to amend these provisions to also allow payment or receipt through other prescribed electronic modes."

Budget 2019 Crackdown on Cash! No charges for customers using MDR on BHIM UPI, Aadhaar Pay, NEFT, RTGS 

NEFT charges! You pay this much for your transactions, but soon, it will be free

There will not be any&nbsp;RTGS fee imposed&nbsp;on your transactions soon.&nbsp;Apart from saving money for customers,&nbsp;this will boost&nbsp;transactions via this mode further.

Your RTGS transaction fees set to be free soon, but first see how much you pay to the bank

The traditional instant money transfer mode namely&nbsp; National Electronic Fund Transfer (NEFT) and Real Time Gross Settlement (RTGS) platforms&nbsp;will become more attractive further.

Scrapping RTGS, NEFT charges to boost digital transactions: SBI Chairman, Rajnish Kumar

Over a decade things have changed and one would agree that the most traditional form of transferring money anywhere were National Electronic Fund Transfer (NEFT) and Real Time Gross Settlement (RTGS).&nbsp;

Money transfer: NEFT vs RTGS - Comparison of charges, limit and more

IMPS service allows you to send money immediately. It allows you to send a maximum of Rs 2 lakh for seven days and 24 hours.

NEFT, RTGS, IMPS to UPI - Take a look at best options for sending money online

Customers having a normal bank account with lenders like SBI, ICICI Bank, HDFC Bank, Yes Bank, Axis Bank, BoB and many more, have to pay an extra sum for their services like NEFT, IMPS, RTGS and even ATM withdrawals

What makes your banking services costly? Revealed here - Account holders should know these facts

UPI distinguished itself from other digital payment mode because of its no charges from banks, one-touch.&nbsp;

Transaction charges: Which is the cheapest mode of money transfer between UPI, IMPS and NEFT?

neft-transactions

FM Sitharaman said, "To promote other electronic modes of payment, it is proposed to amend these provisions to also allow payment or receipt through other prescribed electronic modes."

There will not be any RTGS fee imposed on your transactions soon. Apart from saving money for customers, this will boost transactions via this mode further.

The traditional instant money transfer mode namely  National Electronic Fund Transfer (NEFT) and Real Time Gross Settlement (RTGS) platforms will become more attractive further.

Over a decade things have changed and one would agree that the most traditional form of transferring money anywhere were National Electronic Fund Transfer (NEFT) and Real Time Gross Settlement (RTGS). 

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NEFT Transactions

Budget 2019 Crackdown on Cash! No charges for customers using MDR on BHIM UPI, Aadhaar Pay, NEFT, RTGS

NEFT charges! You pay this much for your transactions, but soon, it will be free

Your RTGS transaction fees set to be free soon, but first see how much you pay to the bank

Scrapping RTGS, NEFT charges to boost digital transactions: SBI Chairman, Rajnish Kumar

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NEFT, RTGS, IMPS to UPI - Take a look at best options for sending money online

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Tenneco Clean Air Share Price: Stock makes bumper debut at 27% premium, here's how much investors gain per share