RTGS / NEFT Service
RTGS / NEFT SYSTEM SCHEME FOR DOMESTIC INTER-BANK / CUSTOMER FUNDS TRANSFER
The Bank offers offline services to its members to receive and send the remittances to any members of the bank across India.
Benefits :
- > Credit to Beneficiary's Account on the Same Day
- > Safest and Secure Mode of Fund Transfer
- > Lower Remittance Charges
- > No Courier/Postal expenses as in the case of Demand Draft etc.
- > Money can be put to use by beneficiary on the same day
Through RTGS and NEFT Customers can receive remittances from their customers / associates maintaining accounts with other Banks or sent the remittances to other Bank account. i.e., instead of receiving payments by way of cheque / pay orders / demand drafts etc., can receive funds through RTGS and NEFT system by giving 15 Digit Customer Account number and IFSC Code of Branch.
RTGS and NEFT transactions charges has been waived w.e.f 01.07.2019
Working of the RTGS / NEFT :
- > Submit the application form in a prescribed format Bank Branch.
- > Mention Beneficiary Bank and Branch Name with Indian Financial System Code (IFSC) and Beneficiary’s Name, Account Type, 15 Digit Account Number and Amount to be remitted.
- > Message will be sent in electronic form in a highly secured manner through RTGS / NEFT System to Beneficiary Bank’s Branch.
- > Credit to the Beneficiary Account will be given by Beneficiary’s Bank’s Branch on the same day and in case of holiday / after business hours, credit will be given on next business date.
Timings :
| DAY | TIME | |
|---|---|---|
| RTGS FOR CUSTOMER TRANSACTION | MONDAY TO FRIDAY | During Banking Hours 9.30 AM - 3.30 PM |
| NEFT FOR CUSTOMER TRANSACTION | MONDAY TO FRIDAY | During Banking Hours 9.30 AM - 3.30 PM |
For IFSC Codes of the branches, please refer to the branch locator.
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