We were contemplating that RBI will do something and get the NEFT charges abolished completely and here we find a new circular which states that charges are being only revised and circular is as appended belwo:
W.e.f August 1, 2012, National Electronic Funds Transfer (NEFT) charges for transaction amounts up to Rs 10,000 would be Rs 2.5 + Service Tax
Hope good sense prevails on the bank and they stop charging anything for NEFT transfers.
SEBI Regd Investment Advisor Regn no INA100011988
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