Post-demonetization, one way or the other, most of us have used some form of an electronic payment system. The Reserve Bank of India has identified 10 major electronic payments options— National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), Immediate Payment Service (IMPS), Cheque Truncation System (CTS), National Automated Clearing House (NACH), Unified Payments Interface (UPI), Unstructured Supplementary Service Data (USSD), debit and credit cards, Prepaid Payment Instruments (PPI) and mobile banking.
As of now, banks and PPIs are not charging a fee for using USSD and IMPS platforms till 31 March, up to a certain amount.
Here is a look at all the costs that you might incur while you are using these electronic modes of payment.
