HDFC says it has sold 4.22% stake in Gruh finance for Rs 899 crore Housing Development Finance Corp. Ltd. on Friday said it has sold over 4.22 percent stake in subsidiary Gruh Finance Ltd., which is in the process of a merger with Bandhan Bank Ltd. The sale of 3.1 crore shares of Gruh was carried out through stock exchanges at the prevailing market price, HDFC said in a regulatory filing.
Fund transfer through RTGS and NEFT systems have become cheaper from today after the Reserve Bank of India decided on its recent Monetary Policy Meet that it will not impose additional charges on.
The Reserve Bank of India (RBI) has decided to do away with its charges levied on transactions processed in the real time gross settlement system (RTGS) and national electronic funds transfer (NEFT) systems. The Central bank has also asked banks to pass the benefits to their customers who use RTGS and NEFT for payment transactions.
Currently, RBI levies minimum charges on banks for transactions routed through RTGS. Settlement (RTGS) and the National Electronic Funds Transfer (neft) modes.. However, the central bank scrapped all such charges on Thursday and asked the banks to pass on the benefits to the customers soon.
Reserve Bank of India (RBI) in its bi-monthly meet of the monetary policy committee (MPC) decided to remove all charges levied on Real Time Gross Settlement System (RTGS) and National Electronic.
RTGS, NEFT transaction charges scrapped; RBI directs banks to pass. (RTGS) and National Electronic funds transfer (neft) transactions.. the central bank has asked consumer banks to pass on the benefit to customers.
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The Reserve Bank of India Thursday announced it was waiving off charges that are applied on bank transfers carried out either by National Electronic Funds Transfer (NEFT) or Real Time Gross Settlement System (RTGS). The central bank asked consumer banks to pass on this benefit to customers.
Come Monday, and fund transfer. charges between Rs 1 and Rs 5 for transactions through NEFT and between Rs 5 and Rs 50 for RTGS route. To provide an impetus to digital funds movement, the RBI had.
After announcing its decision to waive all charges on fund transfer through RTGS and NEFT systems from July 1, the Reserve Bank of India (RBI) had also asked banks to pass on the benefits to customers.
Country’s largest bank SBI charges between Re 1 and Rs 5 for transactions through NEFT and between Rs 5 and Rs 50 for RTGS route. – No Charges on RTGS/NEFT transactions, RBI Asks Banks to Pass on.
The RBI has asked banks to pass on the benefit of no NEFT and RTGS charges to customers.