Real Cost Of Digital Transactions

With the GST in online transactions, so much money is deducted from your account, know details


Do you know how much charge the bank is charging from you on digital transactions? Know full details

Since the ban, Digital Transaction has increased significantly. The government wants the common people to make more and more digital transactions. Many users have gone on electronic payments, but not everybody is aware of its charges. Do you know how much charge of digital transaction is being charged from you? Today we are giving you full information about this.


How much money is to be given in NEFT


One-to-one fund transfer is done through National Electronic Funds Transfer (NEFT). This service can also be accessed with internet banking as well as by visiting the bank branch. Money transfers into the account of the Beneficiary within a few hours after transferring. In the NEFT, there is no minimum and maximum limit limit, but the Individual Bank can determine the limits of the transaction amount. The bank also charges the charge for this service.


How much is the charge SBI


SBI charges 1 rupee plus GST on the amount of up to Rs 10,000. At the same time, the amount transferred is equal to 2.50 plus GST, if the same amount is transferred from the bank. Similarly, SBI charges 2 rupees plus GST on transfer of more than 10 thousand rupees to 1 lakh rupees. On transfer from the branch, this charge becomes 5 Gs plus GST. For transferring from more than Rs. 1 lakh to Rs. 2 lakh, it takes 3 rupees plus GST. The bank branch has to give 15 rupees plus GST for this transaction. If you have a transaction costing more than Rs 2 lakh plus 5 rupees plus GST and bank branch, you have to pay 25 rupees plus GST for transferring so much money.


You can also transfer high value amounts through Real Time Gross Settlement (RTGS). In this, at least Rs 2 lakh can be transferred. SBI charges 5 rupees plus GST for transfer of online fund from 2 lakh to 5 lakh rupees. At the same time, after transferring this amount to the bank branch, the charge is 25 rupees plus GST. On transfer of an amount of more than Rs 5 lakh online, it costs 10 rupees plus GST. At the same time, transfer of this amount from the bank branch will have to pay a sum of Rs 50 plus GST.


Through this, any customer can transfer funds for 24 hours and seven days. It can be transferred up to a maximum of Rs 2 lakh. This facility is only available online. SBI does not take any extra interest in the transfer of up to Rs.1000. 1 rupee plus 10 thousand rupees, plus 1 rupee plus GST. Similarly, Rs 2 rupees plus GST is charged from Rs 10 thousand to 1 lakh rupees. 3 rupees plus GST is charged at the amount of rupees 1 lakh to Rs 2 lakh.


Under Mobile Wallet, you can transition from any smartphone through your app. You can transfer money from mobile and also make payments. However, it is important for both the sender and the receiver to have the same mobile wallet in the phone. For this, all wallets charge different charges. From ATM Wallet to the money transfer in the account, 3 percent charged the charging. At the same time, Mobikvik charges 4 percent charge.


Payments Bank Limited Services offer. According to the guidelines of Reserve Bank of India, Airtel Payments Bank, Pettyme Payments Bank is offering some services. Here you can deposit upto Rs. 1 lakh. ATMs, debit cards can be issued from here. Do not offer this bank loan. It definitely gives an interest on the deposit. Airtel payment bank is giving anem interest at 7.25 percent. At the same time, Pettym Payments Bank is offering 4 percent earnings interest. Their services are not free.

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