By Tricitynews
Chandigarh 12th July:- In
order to provide an impetus to digital funds movement, State Bank of India
(SBI), the largest commercial bank in the country waived off RTGS and NEFT
charges for YONO, internet banking (INB) and mobile banking (MB) customers from
July 1, 2019. The bank will also waive-off IMPS charges for its INB, MB and
YONO customers effective from August 1, 2019.
As on 31st March, 2019, the number of
SBI customers using internet banking are more than 6 crores and mobile banking
services stands at 1.41 crore. State bank of India also boasts of around 18%
market share in mobile banking transactions. Registered users of YONO - an
integrated digital and lifestyle platform by SBI stands at nearly 1 Crore.
Along with customer convenience, the waiver in NEFT, IMPS and RTGS charges will
attract more customers towards digital transactions.
P.K.
Gupta, MD (Retail & Digital Banking), SBI said that one of our bank’s
core strategies is to provide convenience to customers and encourage them to
take the digital route for transferring funds. In sync with our strategy and
Government of India’s vision to create a digital economy, SBI has taken this
step to promote use of YONO, internet banking and mobile banking for doing NEFT
and RTGS transactions without incurring any cost.
Additionally bank has already reduced
NEFT and RTGS charges for customers transacting through branch network by 20%
across all slabs.
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