2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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As per the recommendation of which panel, RBI directed banks to withdraw the charges levied on the NEFT and RTGS transactions?
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V G Kannan Panel
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T N Manoharan Panel
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U.K. Sinha Panel
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Nandan Nilekani panel
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Explanation:
Detailed explanation-1: -The RTGS system is primarily meant for large value transactions. The minimum amount to be remitted through RTGS is ₹ 2,00,000/- with no upper or maximum ceiling. 7. What about processing charges / service charges for RTGS transactions?
Detailed explanation-2: -It can be done by depositing cash at the nearest NEFT enabled branch of any bank, by furnishing additional details such as complete address, telephone number, etc. Such cash remittances will, however, be restricted to a maximum of ₹50,000 per transaction. 9.
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