NEFT, RTGS charges: SBI vs HDFC Bank vs ICICI Bank vs PNB

he days when we had to go out and physically visit a bank are long gone. With most transactions occurring online

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it's almost unheard of not being able do all your financial business on-the-go or in person!

The Reserve Bank of India (RBI) has decided to waive all processing charges and time varying fees

that were previously imposed on banks for outward transactions done using RTGS or NEFT systems.

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The minimum amount for RTGS is Rs 2 lakh, and for NEFT it is Rs 1, and there is no maximum limit for both.

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Clients only pay 15% + Applicable GST when sending over Rs 50K through RTGS (real time gross settlement) from any branch at HDFC bank

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The National Electronic Fund Transfer (NEFT) system is an electronic fund transfer system that periodically processes batches of transactions

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RTGS, on the other hand, operates through a transaction-bytransaction basis throughout each day

incur no downtime whatsoever with its continuous processing function - making it faster for users across different industries

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including those who require immediate access to their funds as well has being able send them out automatically when due!

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