IBEF: July 15, 2019
With an intend to boost digital transactions, State Bank of India has deferred Real Time Gross Settlement (RTGS) and National Electronic Fund Transfer (NEFT) charges for its application YONO, web and portable financial clients. The waiver is successful from 1 July 2019. SBI will also not levy Immediate Payment Service (IMPS) charges from 1 August 2019, said by State bank of India (SBI) on Friday
The bank has additionally decreased RTGS and NEFT benefits through branch banking by 20%. It has additionally deferred IMPS charges for reserve move of up to Rs. 1,000 through branch banking. As on 31 March 2019, the quantity of SBI customers utilizing internet banking are in excess of 6 crores and portable mobile banking services stands at 1.41 crore.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.