CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank makes RTGS, NEFT online transactions free recently?
A
Dena bank
B
Canara Bank
C
HDFC Bank
D
ICICI Bank
Explanation: 

Detailed explanation-1: -Banks do charge for transactions conducted in branches. NEFT and RTGS fees charged by banks such as SBI, HDFC Bank, ICICI Bank, and Punjab National Bank (PNB) for NEFT and RTGS transactions completed at bank branches are listed here. One of the transactions that many of us do online is transferring money.

Detailed explanation-2: -India’s largest bank the State Bank of India (SBI) has not levying any transaction charges through IMPC, RTGS and NEFT for YONO, internet banking and mobile banking customers. Similarly, HDFC Bank imposes no charges on NEFT transactions.

Detailed explanation-3: -In the case of RTGS, depending on the bank and the location, the operating hours will vary. IMPS and NEFT payment modes are available 24x7. Transaction Fee: A separate fee is levied for the transfer of money. However, in case you are receiving the money, no fee is levied.

Detailed explanation-4: -> On inward transactions: It is free, that is, no charge is imposed.

There is 1 question to complete.