Simultaneously, the customer charges have been rationalised, especially for amounts upto ₹ in NEFT & the same has been now capped at ₹ Taking advantage of these policy measures, one of the banks has implemented a “green channel card” for walk-in customers who regularly send money to a particular account.
Under the scheme, details of name and address of a walk-in customer alongwith the beneficiary’s name, account number and the IFSC code of the beneficiary’s branch are captured on a mag-stripe card. The cardholder can swipe the card at a branch/ATM/kiosk of the bank and remit money to an account holder of any other branch of the bank.