INSUBCONTINENT EXCLUSIVE:
Other than providing a free intra-bank fund transfer service to its customers, India Post Payments Bank also provides instant money transfer
NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement) and IMPS (Immediate Payment Service) are payments platforms
transfers initiated from access points, India Post Payments Bank charges a fee of Rs 2.5-25 per transaction from its customers, according to
The bank charges a fee ranging from Rs 2.5 to Rs 20 for an NEFT transaction made through mobile banking, it noted.For instant fund transfer
through RTGS, the payments bank - which started countrywide operations in September this year - charges a fee of Rs 25-50 per transaction,
according to its website.India Post Payments Bank customers are charged a fee of Rs 5-50 per transaction for instant money transfer through
IMPS, according to the lender's portal.
