NEFT, RTGS facilities for Post Office account holders!!!
NEFT, RTGS facilities for Post office account holders!!!
Post office account holders will soon be able to use NEFT and RTGS facilities. Now, post office customers can send money to post office accounts of other banks through their internet banking. According to the official notice issued by the department, this facility will be available from 31 May 2022.
The official statement said that "This is regarding the rollout of NEFT/RTGS facility for POSB accounts which is going to be operational for POSB account holders from 31.05.2022."It is requested that the information, circulate to all concerned for necessary action and guidance. Wide publicity about the availability of the NEFT / RTGS facility to the POSB account holders may also be done through notice boards/information boards of all post offices in public areas.
Charges for using RTGS and NEFT for post office account holdersFor transactions above Rs 10,000 up to Rs 1 lakh- Rs 5 + applicable GSTFor transactions above Rs 1 lakh and up to Rs 2 lakh - Rs 15 + applicable GSTFor transactions above Rs 2 lakh and not exceeding the maximum limit – Rs 25 + applicable GSTRTGS stands for Real-Time Gross Settlement, which is a real-time fund transfer settlement system in which individual fund transfer instructions are set. RTGS transactions are available round the clock, 365 days a year.
Post office account holders will soon be able to use NEFT and RTGS facilities. Now, post office customers can send money to post office accounts of other banks through their internet banking. According to the official notice issued by the department, this facility will be available from 31 May 2022.
The official statement said that "This is regarding the rollout of NEFT/RTGS facility for POSB accounts which is going to be operational for POSB account holders from 31.05.2022."It is requested that the information, circulate to all concerned for necessary action and guidance. Wide publicity about the availability of the NEFT / RTGS facility to the POSB account holders may also be done through notice boards/information boards of all post offices in public areas.
Charges for using RTGS and NEFT for post office account holdersFor transactions above Rs 10,000 up to Rs 1 lakh- Rs 5 + applicable GSTFor transactions above Rs 1 lakh and up to Rs 2 lakh - Rs 15 + applicable GSTFor transactions above Rs 2 lakh and not exceeding the maximum limit – Rs 25 + applicable GSTRTGS stands for Real-Time Gross Settlement, which is a real-time fund transfer settlement system in which individual fund transfer instructions are set. RTGS transactions are available round the clock, 365 days a year.