Allahabad Bank waives NEFT charges

Kolkata-headquartered public sector lender Allahabad Bank has waived all charges on National Electronic Fund Transfer (NEFT) up to Rs 1 lakh as a part of its green initiative. The Chairman and Managing Director (CMD) of Allahabad Bank Mr J. P. Dua said under this initiative a customers can remit fund electronically from one branch to any bank-branch across the country without any charges within the said limit. He also said that the bank has also launched a campaign “Speed-e-track” to promote the awareness of e-services and to increase efficiency and reduce cost.

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