Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1398)
1398.
Banks can no longer charge account holders for online transactions in the NEFT system from which month?
December 2020
January 2020
February 2020
June 2020
Answer: Option
Explanation:
From January 2020, banks can no longer charge savings bank account holders for online transactions in the NEFT system. The Reserve Bank of India (RBI) has now mandated banks to do this. RBI stated that it is doing this to promote digital payments.
Discussion:
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