Goa CM appreciates RBI's move to remove RTGS, NEFT charges

Goa Chief Minister Pramod Sawant on Thursday welcomed the Reserve Bank of Indias(RBI) decision to remove charges on fund transfers through RTGS and NEFT routes, saying it would help the Digital India mission. Sawant took to Twitter to appreciate the decision which he termed as pro-people.

"Yet another pro people move by Modi Sarkar. #DigitalIndia mission of PM Shri @narendramodi ji will get a major boost with removal of charges on NEFT and RTGS transactions, the chief minister tweeted.

The Reserve Bank Thursday announced it was waiving charges applied on bank transfers carried out either by National Electronic Funds Transfer (NEFT) or Real Time Gross Settlement System (RTGS). The RBI asked banks to pass on this benefit to customers.