Saturday, July 14, 2012

NEFT transaction charges rationalised by RBI

With effect from 1st August 2012, NEFT transaction charge for funds transfer upto Rs. 10,000 which used to be capped at Rs 5.00 shall be capped at Rs. 2.50.  Charges beyond this limit remains the same.

Following is the list of NEFT charges for various funds transfer limits:

  • Funds transfer upto Rs. 10,000 - Maximum charge of Rs. 2.50
  • Rs. 10,001 to Rs. 1 lakh - Maximum charge of Rs. 5.00
  • Above Rs 1 lakh to Rs. 2 lakh - Maximum charge of Rs. 15.00
  • Above Rs. 2 lakh - Maximum charge of Rs. 25.00

Above charges are exclusive of service tax.

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