Will I be Charged by bank also for using IMPS, RTGS or NEFT ?
As per RBI Guidelines, Indian Banks cannot charge more than following to sender of funds using NEFT / RTGS / IMPS. However, few banks charge you certain nominal amount of Rs.25-Rs.50 depending on their internal policies. Most Banks are not charging anything for this service.
Up to One lac - Nil - No charges.
one lac to five lac - Rs.25 per transaction.
five lac and above - Rs.50 per transaction.
If You Intend to Transfer funds to Our Bank using NEFT/ RTGS / IMPS, you can use the payment method as "Check / moneyorder" in Checkout Page which does not attract any fee.
However, if you wish to deposit cash in our account, then you should select payment method as "Bank Deposit" for which a Nominal Fee is added in your order.