Processing Charges / Service Charges for RTGS transactions?
a) Inward transactions - Free, no charge to be levied.
b) Outward transactions - 2 lakh to 5 lakh - not exceeding 30.00 per transaction;
Above 5 lakh - not exceeding 55.00 per transaction.
Essential Information required for RTGS system
NEFT System
National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer. Under this Scheme, individuals, firms and corporates can electronically transfer funds from any bank branch to any individual, firm or corporate having an account with any other bank branch in the country participating in the Scheme.
There is no limit on the amount that could be transferred using NEFT either minimum or maximum on the amount of funds that could be transferred using NEFT. However, maximum amount per transaction is limited to Rs.50,000/- for cash-based remittances.
Processing Charges / Service Charges for NEFT transactions?
a) Inward transactions at destination bank branches (for credit to beneficiary accounts)
- Free, no charges to be levied from beneficiaries.
b) Outward transactions at originating bank branches - charges applicable for the remitter.
- For transactions up to Rs 10,000 : not exceeding Rs 2.50 (+ Service Tax).
- For transactions above Rs 10,000 up to Rs 1 lakh: not exceeding Rs 5 (+ Service Tax).
- For transactions above Rs 1 lakh and up to Rs 2 lakhs: not exceeding Rs 15 (+ Service Tax).
- For transactions above Rs 2 lakhs: not exceeding Rs 25 (+ Service Tax).
