RBI has announced the change in Charges for NEFT & RTGS w.e.f. 15th November 2010.
The revised charges are as below:
RTGS – New Minimum limit = Rs.2 Lakhs
2Lakhs – 5Lakhs Rs.25/-
Above 5Lakhs Rs.50/-
Up to 1Lakh Rs.5/-
1Lakh – 2Lakhs Rs.15/-
Above 2Lakhs Rs.25/-
According to RBI this has been done to improve the efficiency of the RTGS system which primarily is meant for high-value transactions.
Moreover NEFT has 11 settlement cycles a day currently and can be used for near real-time transfer of low value funds.
Read RBI Circular Here