Banks to charge fee for EFT
By rohz1906
@rohz1906 (205)
India
February 24, 2010 9:37am CST
Reserve Bank of India has adviced the banks to speed up on the electronic fund transfer on its performance and is now going to charge w.e.f March 2010 its customers service charges for doing so; which was earlier cost free. In India there are about 60 lakh customers who use online service to transfer funds since its start in 2005.It's free all over the globe then why does RBI charge a fee? In developed countries the banks in order to attract its customers towards technology are giving this service free of cost.Is the RBI right in doing so ?
No responses