Current Affairs Telugu Daily

No charges on RTGS and NEFT transactions for HDFC bank customers
No charges on RTGS and NEFT transactions for HDFC bank customers
Private lender HDFC Bank has made online transactions through RTGS and NEFT free of cost from November 1, with an aim to promote a digital economy.
On the other hand, various charges for cheque-related transactions as well as request for additional leaves will get costly from early next month for non-managed savings and salary accounts.
According to the revised fees and charges for savings and salary accounts, customers will not have to pay any charge for doing online transactions through Real Time Gross Settlement (RTGS) and the National Electronics Funds Transfer (NEFT) from November 1, 2017.
Explanation:
  • RTGS- Real Time Gross Settlement
  • NEFT- National Electronic Fund Transfer

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