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The State Bank of India (SBI), after lowering the Immediate Payment Service (IMPS) charges, has lowered the charges for National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) transactions upto 75 percent effective July 15.
The bank has said in a statement that the reduced charges will be applicable on the transactions done through internet banking and mobile banking services offered by the bank.
The bank has also waived charges for fund transfer of upto Rs 1,000 done through IMPS effective July 1, 2017.
