Indian banking sector has gone in for a revolution with an introduction of NEFT which has made standing in lines in banks obsolete. This also makes it important that one is tech savvy to be able to make use of this facility. The NEFT limit in India has been increased to Rs Five Lakh and
NEFT transaction charges can be seen by clicking the given link.
We take the opportunity to call on the RBI to make inter bank transfers executed by an individual free of cost as instead of charging an amount they should give a credit of a small amount as by using this feature pressure on banks infrastructure needs is removed.