RBI has declared maximum limit of NEFT Transactions which are applicable from 01st August 2012. RBI suggest to all Bank's Customers to confirm the NEFT Charges before filing form of fund transfer transactions. NEFT is the one of most important facility to transfer of funds between one account to other's bank account. NEFT ransaction range is 1 to 2 Lakh rupees. Above this value RTGS will come into effect. Normally NEFT transactions charges are vary bank to bank. Thus, the RBI has fixed the maximum charges for the NEFT fund transfer transaction according to the value of transactions and this regard RBI has issued a circular no. 98 dated 13-07-2012.
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Value Band
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Maximum Charges
|
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(exclusive of service tax)
|
|
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Amounts
up to ` 10,000/-
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2.50/-
|
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Amounts
from ` 10,001/- to ` 1 lakh
|
5/-
|
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Amounts
above ` 1 lakh up to ` 2 lakh
|
15/-
|
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Amounts
above ` 2 lakh
|
25/-
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