INSUBCONTINENT EXCLUSIVE:
SBI NEFT transactions: Customers can make transactions from 8 am to 7 pm from Monday to FridayReserve Bank of India (RBI) decided to do away
with charges levied on RTGS (real-time gross settlement) and NEFT (national electronic funds transfer) transactions
"Banks will be required, in turn, to pass these benefits to their customers
Instructions to banks in this regard will be issued within a week," the central bank said in a statement after announcing its monetary
Currently, banks levy a fee on NEFT and RTGS transactions and the fee varies from one bank to another
As per the guidelines issued by the RBI, banks will be asked to abolish or lower the fee they charge on NEFT and RTGS transactions.Here's
IndiaTimings: Customers can make NEFT transactions from 8 am to 7 pm from Monday to Friday
On Saturdays, one can transfer money using NEFT from 8 am to 1 pm.Amount: Under SBI's retail internet banking, one can transfer a maximum
However, there is no minimum limit.Charges: SBI charges Rs
2.50 for transactions up to Rs
10,000, according to the SBI's website, onlinesbi.com.HDFC BankTimings: Customers can make NEFT transactions from 8 am to 6:30 pm from
Monday to Saturday.Amount: There is no minimum and maximum transfer limit according to the bank.Charges: The private lender charges Rs
2.50 for transactions up to Rs
10,000, said HDFC Bank on its website, hdfcbank.com.ICICI BankTimings: Customers can make NEFT transactions from 8 am to 6:30 pm from Monday
to Saturday.Amount: Customers can transfer a maximum of Rs
10 lakh using NEFT payments service, according to the bank
However, is no minimum limit.Charges: The bank charges Rs
2.50 for transactions up to Rs
The current timings for settlement of RTGS transactions are 6 pm.
