REAL TIME GROSS SETTLEMENT ( RTGS)
1)The Bank offers its customers instant transfer of funds to other banks (Inter Bank). This is made possible through Real Time Gross Settlement (RTGS) System, which is an online system set up, operated and maintained by Reserve Bank of India to enable funds settlement on real-time basis across banks in the country.
2)The RTGS service window for customer's transactions is available from 9.00 hours to 16.30 hours on week days and from 9.00 hours to 13.30 hours on Saturdays.
| Days | Customer Transaction | Interbank Transaction |
| Monday to Friday | 9:00 am to 16:30 hours | 9:00 am to 18:00 hours |
| Saturday | 9:00 am to 13:30 am | 9:00 am to 14:30 hours |
3)Minimum / maximum amount stipulation for RTGS transactions
The RTGS system is primarily for large value transactions. The minimum amount to be remitted through RTGS is Rs.2 lakh. There is no upper ceiling for RTGS transactions.
4)At present this facility is available at the following branches whose IFSC codes are also mentioned alongside.
CLICK HERE FOR THE LIST OF RTGS BRANCHES
REAL TIME GROSS SETTLEMENT ( RTGS)
5)SERVICE CHARGES FOR RTGS
(i) Outward Remittance :
i) Rs. 2 lakh to Rs. 5 lakh
|
|
Charges to be levied |
|
|
From |
To |
|
|
09:00 hours |
12:00 hours |
Rs. 25/- per transaction |
|
After 12:00 hours |
15:30 hours |
Rs. 26/- per transaction |
|
After 15:30 hours |
17:30 hours |
Rs. 30/- Per transaction |
|
After 17:30 hours |
|
Rs. 30/- Per transaction |
(ii) Above Rs. 5 lakh
|
|
Charges to be levied |
|
|
From |
To |
|
|
09:00 hours |
12:00 hours |
Rs.50/- per transaction |
|
After 12:00 hours |
15:30 hours |
Rs.51 /- Per transaction |
|
After 15:30 hours |
17:30 hours |
Rs.55/- Per transaction |
|
After 17:30 hours |
|
Rs.55/- Per transaction |
(Service tax & Education Cess extra)
(ii)Inward Remittance : NIL
CLICK HERE FOR THE RTGS APPLICATION FORM
NATIONAL ELECTRONIC FUNDS TRANSFER (NEFT)
1)RBI has introduced this funds transfer systems called RBI-NEFT System.
This is an Inter-bank electronic funds transfer system to facilitate an efficient, secure, economical, reliable and expeditious transfer of funds and clearing in the Banking sector in India.
The account holders with the branch can use the NEFT facility which is available between all the Cities and the designated branches of Banks in India.
NEFT settlement takes place 11 times a day during the week days (9.00 am, 10.00 am, 11.00 am, 12.00 noon. 1.00 pm, 2.00 pm, 3.00 pm and 4.00 pm, 5.00 pm, 6.00 pm, 7.00 pm) and 5 times during Saturdays (9.00 am, 10.00 am, 11.00 am, 12.00 noon and 1.00 pm)
2)No Minimum or Maximum amount stipulation for NEFT transactions
3)At present this facility is available at the following branches whose IFSC codes are also mentioned alongside
CLICK HERE FOR THE LIST OF NEFT BRANCHES
4) SERVICE CHARGES FOR NEFT
(i)Outward Remittance :
| Up to Rs 1 Lac | Rs. 5/- Per Transaction |
Above Rs. 1 lac to Rs.2lac |
Rs. 15/- Per Transaction |
| Above Rs 2.00 Lac | Rs. 25/- (Service tax & Education Cess extra) |
(ii)Inward Remittance : NIL
CLICK HERE FOR THE NEFT APPLICATION FORM