Immediate Payment Service

SBI reduces NEFT, RTGS charges by up to 75% in push to digitisation of economy

The reduced charges will be applicable on the transactions done through internet banking and mobile banking services offered by the bank, the bank said in an official statement here on Thursday.

Niti Aayog states that digital transactions have increased 23-fold after demonetisation

Digital transactions increased by about 23 times in March to nearly 64 lakh, with a total value of Rs 2,425 crore, from last November when demonetisation took effect.