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SBI waves off charges for NEFT, IMPS and RTGS transaction

State Bank of India has announced on Friday that they are going to waive off the charges for IMPS, NEFT and RTGS transaction. From now on the IMPS charges will be 'nil' for the users who would transfer funds through Internet Banking INB, Mobile Banking and YONO, effective from August 1st. The bank is expected to encourage the customers to opt more for the digital banking routes with this new strategies.