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NEFT charges News
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The RBI's latest move will facilitate digital transactions in India and the bank customers will now be able to transfer their amounts higher than IMPS via NEFT on any day any time.
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To encourage the usage of digital transactions in India, the Reserve Bank of India (RBI) on Friday issued various proposals, and directed the banks "not to charge savings bank account customers for online transactions in the NEFT system with effect from January 2020".
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