EFT (fund transfer)?

Question

what are the charges for fund transfer between banks nationally and internationally IOB charges Rs 400/= per transfer nationally is it the same with other banks also

Answer 1

i don't think it is same for all banks...

some banks charge as low as 25 rs for each EFt that happens through RBI.

Answer 2

What has this question to do with railways?

Answer 3

I know the rate varies and I do not know how much though.

Answer 4

Friend, EFT done within India doesn't attract any charges, it is totally free across private bankers. However scheduled banks are charging in some cases. International EFT attracts Rs. 500 if the amount transferred is below $5,000 and Rs.1,000 if the amount is above $5000.