NEFT WILL BE FREE FOR SB CUSTOMERS FROM JAN20 : RBI
Dated 09.11.2019 : Reserve Bank of India ( RBI ) , vide their Press Release dated 08.11.2019 , has announced making availability of National Electronic Fund Transfer ( NEFT ) free for savings bank Account holders of the banks from January 2020 onward .
The other policy measures announced include
1. Operationalise the Acceptance Development Fund to increase acceptance infrastructure with effect from January 1, 2020.
2. Constitute a Committee to assess the need for plurality of QR codes and merits of their co-existence or convergence from both systemic and consumer viewpoints.
3. Permit all authorised payment systems and instruments (non-bank PPIs, cards and UPI) for linking with National Electronic Toll Collection (NETC) FASTags. Going forward, this will facilitate the use of FASTags for parking, fuel, etc., payments in an interoperable environment.
4. Enable processing of e-mandates for transactions through UPI
Dated 09.11.2019 : Reserve Bank of India ( RBI ) , vide their Press Release dated 08.11.2019 , has announced making availability of National Electronic Fund Transfer ( NEFT ) free for savings bank Account holders of the banks from January 2020 onward .
The other policy measures announced include
1. Operationalise the Acceptance Development Fund to increase acceptance infrastructure with effect from January 1, 2020.
2. Constitute a Committee to assess the need for plurality of QR codes and merits of their co-existence or convergence from both systemic and consumer viewpoints.
3. Permit all authorised payment systems and instruments (non-bank PPIs, cards and UPI) for linking with National Electronic Toll Collection (NETC) FASTags. Going forward, this will facilitate the use of FASTags for parking, fuel, etc., payments in an interoperable environment.
4. Enable processing of e-mandates for transactions through UPI
1 comment:
Banker salary is depend upon bank profit. If we are giving services then it should be chargeable, not free.
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