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RBI tells banks not to charge transaction fees for NEFT from Jan 2020
The RBI earlier this year had waived the charges it levied on banks for transactions routed through NEFT and RTGS
No transaction charge on NEFT payments from Jan 2020, RBI tells banks
Digital payments constituted a high 96% of total non-cash retail payments during the October 2018 to September 2019
Money transfer to get cheaper as SBI cuts NEFT, RTGS charges by up to 75%
All the new charges will attract GST rate of 18 per cent
