National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) systems – Waiver of charges https://www.taxtmi.com/news?id=21402 The RBI will waive processing charges and time varying charges it levies on banks for outward RTGS transactions and the processing charges for NEFT transactions, and banks are advised to pass these benefits to their customers. The directive implementing the waiver is issued under the Payment and Settlement Systems Act as the legal authority. en-us Wed, 12 Jun 2019 14:14:51 +0530 Wed, 12 Jun 2019 14:14:51 +0530 TaxTMI RSS Generator National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) systems – Waiver of charges https://www.taxtmi.com/news?id=21402 The RBI will waive processing charges and time varying charges it levies on banks for outward RTGS transactions and the processing charges for NEFT transactions, and banks are advised to pass these benefits to their customers. The directive implementing the waiver is issued under the Payment and Settlement Systems Act as the legal authority. News - Wed, 12 Jun 2019 14:14:51 +0530 https://www.taxtmi.com/news?id=21402