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 12.00 noon on Saturdays.

Days Customer Transaction  

Interbank Transaction 
Monday to Friday   9:00 am to16:30 hours  9:00 am to18:00 hours 
Saturday  9:00 am to12:00 am  9:00 am to14:00 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.1 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 :

Rs. 1 Lac to 5 Lacs Rs. 25/- Per Transaction
Rs 5 Lacs and Above Rs. 50/- Per Transaction

(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 6 times a day during the week days (9.30 am, 10.30 am,

12.00 noon. 1.00 pm, 3.00 pm and 4.00 pm) and 3 times during Saturdays (9.30 am, 10.30 am and 12.00 noon)

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
Rs 1 Lac and Above Rs. 25/- Per Transaction


(ii)Inward Remittance : NIL

CLICK HERE FOR THE NEFT APPLICATION FORM