RTGS
The acconym “RTGS” stands for Real Time Gross Settlement, which can be defined as the continuous (Real Time) settlement of fund transfers individually on any order by basis (Without nettling) “Real Time” means the processing of instructions at the time. They are received rather than at same late time, “Gross Settlement” means the settlement of fund transfer instructions occurs individually (on an instruction by instruction basis) . Considering that the funds settlement takes place in the books of the reserve Bank of India, the payment is final and irrevocable.
NEFT
National electronic Fund Transfer (NEFT) is a National – wide payment system facilitating one-to-one fund transfer under this scheme. Individual can electronically transfer fund from any bank branch to any individual having an account with any other bank branch in the country participating in the scheme.
SMS Banking
Visit our any nearest Bank Branch and get your mobile No. registered in the account.
RTGS/NEFT Charges
| Amount | RTGS Charges | NEFT Charges |
| 1 to 10000 | — | 2+GST |
| 10001 to 100000 | — | 5+GST |
| 100000 to 200000 | 15+GST | 15+GST |
| 200000 to 500000 | 25+GST | 25+GST |
| Above 5 Lac | 51+GST | 25+GST |
* with effect from 01.01.2014
Information required for transfer of funds
Amount to be remitted
A/c No. to be debited
Name of the Beneficiary Bank
IFSC of the Beneficiary Bank
Name of the Beneficiary Customer
A/c No. of the Beneficiary Customer
