Real Time Gross Settlement ( RTGS)
- 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 services are available 24*7. NEFT Settles fund transfers in half-hourly batches with 48 settlements occurring everyday regardless of a Holiday. (NEFT Batches start at 00:30 hours, 01:00 hours, 01:30 hours, 02:00 hours, 02:30 hours, 03:00 hours, 03:30 hours, 04:00 hours, 04:30 hours, 05:00 hours, 05:30 hours, 06:00 hours, 06:30 hours, 07:00 hours, 07:30 hours, 08:00 hours, 08:30 hours, 09:00 hours, 09:30 hours, 10:00 hours, 10:30 hours, 11:00 hours, 11:30 hours, 12:00 hours, 12:30 hours, 13:00 hours, 13:30 hours, 14:00 hours, 14:30 hours, 15:00 hours, 15:30 hours, 16:00 hours, 16:30 hours, 17:00 hours, 17:30 hours, 18:00 hours, 18:30 hours, 19:00 hours, 19:30 hours, 20:00 hours, 20:30 hours, 21:00 hours, 21:30 hours, 22:00 hours, 22:30 hours, 23:00 hours, 23:30 hours, 00:00 hours).
- No Minimum or Maximum amount stipulation for NEFT transactions
- 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
- Service Charges For Neft
NEFT
|
BRACH CHANNEL
|
DIGITAL CHANNEL
|
Upto Rs.10,000/-
|
Rs.2.50
|
NIL
|
Above Rs.10,000/- to Rs.1,00,000/-
|
Rs.5.00
|
NIL
|
Above Rs.1,00,000/- Rs.2,00,000/-
|
Rs.15.00
|
NIL
|
Above Rs.2,00,000/-
|
Rs.24.00
|
NIL
|
RTGS
|
BRACH CHANNEL
|
DIGITAL CHANNEL
|
Rs.2,00,000/- to Rs.5,00,000/-
|
Rs.24.00
|
Rs.20.00
|
Above Rs.5,00,000/-
|
Rs.49.00
|
Rs.45.00
|
Neft Application Form
Customer Facilitation Centre-Neft
NEFT
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.
The RTGS service window for customer's transactions is available 24/7
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.
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)
Service Charges For RTGS
Outward Remittance
NEFT
|
BRANCH CHANNEL
|
DIGITAL CHANNEL
|
Upto Rs.10,000/-
|
Rs.2.50
|
NIL
|
Above Rs.10,000/- to Rs.1,00,000/-
|
Rs.5.00
|
NIL
|
Above Rs.1,00,000/- Rs.2,00,000/-
|
Rs.15.00
|
NIL
|
Above Rs.2,00,000/-
|
Rs.24.00
|
NIL
|
RTGS
|
BRACH CHANNEL
|
DIGITAL CHANNEL
|
Rs.2,00,000/- to Rs.5,00,000/-
|
Rs.24.00
|
Rs.20.00
|
Above Rs.5,00,000/-
|
Rs.49.00
|
Rs.45.00
|
Inward Charges for NEFT/RTGS – Free
Click Here For The RTGS Application Form XSS