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Will I be Charged by bank also for using RTGS or NEFT ?
As per RBI Guidelines, Indian Banks cannot charge more than following to sender of funds. However, few banks charge you certain nominal amount of Rs.25-Rs.50 depending on their internal policies.
Till One lac - Nil - No charges.
one lac to five lac - Rs.25 per transaction.
five lac and above - Rs.50 per transaction.
For Transferring to our bank, you can use the payment method as "Check / moneyorder" for which an order is not charged.
However, if you wish to deposit cash in our account, then you should select payment method as "Bank Deposit" for which a Fee of Rs.100 is aded in your order.
