As per RBI new guidelines, Now each bank will take charge of Rs 5 on each transaction when anyone use service of NEFT Online Transfer for making a Transfer of amount to Other Bank account.Tax will also include in the charges.I made transfer today ( 1 Nov 2011 ) to Other Bank account and 5.52 Rs get extra debited from my account including a transfer amount, look at your mini Statement to confirm it.
This new rule is applied for all Indian Banks since 29 Oct 2011.However for the same bank transfer or with in bank transfer, no charge will be applicable.
