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No charges for RTGS, NEFT transactions from July 1

ANI 

The (RBI) on Tuesday directed banks to withdraw the charges levied on the (NEFT) and (RTGS) transactions with effect from July 1.

"The banks are advised to pass on the benefits to their customers for undertaking transactions using the and the NEFT systems with effect from July 1, 2019," said the RBI in a notification.

The directive has been issued under Section 10 (2) read with Section 18 of the Payment and Settlement Systems Act 2007 (Act 51 of 2007).

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, June 11 2019. 22:03 IST
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