Reserve Bank of India, in the second half of 2008, has taken up a daring decision to decrease transaction charges, to encourage the usage of EPayment in India. This was followed up by a Notification on 08/10/2008, to Banks to implement the Charges, with immediate effect.
The shift is designed at popularizing electronic payments and discouraging higher charges levied by banks on customers.
Loyalty begins with the right customers, and Reserve Bank of India, has taken up the initiative to attract customers to EPayment.
In brief,
Inward electronic transaction facilities offered by banks will now be free of cost.
Outward
RTGS*
1-5 lakh Rs.25
5 lakh and above not exceeding Rs 50
NEFT*
Up to 1 lakh not exceeding Rs 5
1 lakh and above not exceeding Rs 25
The emphasis is on IMMEDIATE EFFECT. It means Reserve Bank of India, has studied in-depth, the IT Software Applications/Core Banking Solutions of Banks in India, concluded that only minor modifications are required in the same, for implementation of the new EPayment Charges. This reflects the professionalism of Reserve Bank of India, and its willingness to go the extra-mile, for customer-centricity.
Steps are being taken to widen the coverage, both in terms of banks and branches.
2 comments:
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