The Reserve Bank of India (RBI) has increased the agency committee for banks that carry out government activities, such as income receptions and payments, pension payments, among other things.
This is possible aimed at encouraging the banks of the agency to bring more efficiency in going through government -related transactions.
The revised rate for the Banks for Banks Committee that go through income reception and payment transactions on behalf of the central/national governments in electronic (e-) mode has been increased to £ 12 per transactions at £ 9.
However, the commission rate for income reception and payment transactions in physical mode remains unchanged at £ 40 per transaction.
In the case of pension payments with regard to central / national governments, the Agency Commission has been increased to £ 80 per transaction against £ 75.
In the case of payments other than pension, the Agency Commission is raised to 7 Paise per £ 100 turnover of 6.5 Paise. RBI said that the revised rates for the Agencies Committee apply from 1 April 2025.
The Central Bank also said that the committee can be paid on all by the banks of the banks, except those that are financed in advance or where any compensation is paid by the governments to the banks of the agency.
Published on June 17, 2025
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