Big News! SBI waives off RTGS, NEFT charges for internet, mobile transactions

Bhubaneswar: In a bid to provide impetus for digital transactions, the State Bank of India (SBI) today waived off RTGS and NEFT charges for YONO, internet banking (INB) and mobile banking (MB) customers.

SBI will waive-off the IMPS charge on fund transfer effective from August 1, 2019. The SBI IMPS charge will be ‘Nil’ for the users who want to transfer funds through YONO, internet banking (INB) and mobile banking (MB).

The RTGS and NEFT charges for YONO, INB and MB customers were waived off from July 1, 2019.

The bank has further reduced NEFT and RTGS for customers transacting through branch network by 20 per cent across all slabs.