RBI waives NEFT, RTGS transfer charges for savings account holders

The Reserve Bank of India (RBI) has waived NEFT, RTGS transfer charges for savings account holders. In an order, RBI instructed banks to make all online payments done through RTGS and NEFT free of cost for savings account holders. The new rule will be effective from January 1, 2020.

Important takeaways for all competitive exams:

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

Source: The Live Mint

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