Online fund transfer charges cut to Rs2.5 per transaction from August

The central bank would create a new category for fund transfer of up to Rs10,000, which would be charged Rs2.5 per transaction

Mumbai: To promote cashless transactions, the Reserve Bank of India has slashed charges for electronic transfer of funds for smaller amounts of up to Rs10,000 to Rs2.5 from Rs5 per transaction, reports PTI.


From 1st August 1, transfer of funds not over Rs10,000 from...

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