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5 common hidden bank charges!
National Electronic Fund Transfer (NEFT) charges
Transferring funds to any bank account in India over the internet is surely very convenient, but not without a price. Different banks can charge anywhere between Rs. 5 and Rs 25 per transaction. Although the charges are not very high, if money is frequently transferred, the cumulative amount at the end of the year could be huge. Using a cheque saves this cost.
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