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No charges on NEFT, RTGS money transfers from 1 July

No charges on NEFT, RTGS money transfers from 1 July_50.1

As per Second Bi-monthly Monetary Policy Statement for 2019-20, the Reserve Bank of India will stop imposing additional charges on Fund transfer through RTGS and NEFT systems from 1st July, 2019. This has been done to provide an impetus to digital funds movement.

Static/Current Takeaways Important For RRB NTPC/IBPS RRB Mains:

  • RBI 25th Governor: Shaktikant Das, Headquarters: Mumbai, Founded: 1 April 1935, Kolkata.

Source: The Business Today

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