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Remittance
 
Real Time Gross Settlement System (RTGS)

RTGS is a more robust payment system enabling inter-bank fund transfers of above Rs.1 Lac. Transfer of funds is done by simple instruction to bank to transfer funds from your account to another bank account whereby settlement is done continuously.

Eligibility
Savings Account, Current Account, CC/ OD Account holder
 
The attraction of this system:
Strong Technological Support
 

Dedicated, secure communication backbone with INFINET a state-of-the-art solution

Security
 

Payee bank and customer receives funds with certainty during the day

Instant service
 

Time saved, with immediate credit

Liquidity
 

Sufficient intra day liquidity to cover their outgoing payments

Security
 

Avoid cheque to transfer funds from one bank account to another

Risk free
 
  • Significantly reduces settlement risk , as the transfer is instant
  • Reduces credit risk of  receiving participant as they settle payment, as soon as it is accepted by the system for settlement
Hassle free
 

Does away with the concept of cheque return, bounce and stop payment hassles

 
National Electronic funds transfer (NEFT)

Presently all our branches are CBS enabled to offer NEFT facility to our customers. This system facilitates an efficient, secure, economical, reliable and expeditious system to transfer fund below Rs 1 Lac. and clearing throughout India.

Eligibility
Savings Account, Current Account, CC/ OD Account holder
 
Benefits
Convenience at its best
 

Fund credited at earliest to beneficiary’s account

Free
 

Free inward remittance

Paperless
 

No hassle of paper based funds transfer and clearing system

Savings
 

No courier/ postal charges

   
  For more details please visit any of our branches to avail the instant inter bank money transfer facility through RTGS / NEFT.
 

* Conditions Apply

 
 
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