Real Time Gross Settlement System (RTGS)
RTGS is a more robust payment system enabling inter-bank fund transfers of above ₹ 1 Lac. Transfer of funds is attained by an instruction to the bank to transfer funds from your account to another account whereby settlement is done continuously. (simultaneously).
- Savings Account, Current Account, CC/ OD Account holder
The attraction of this system
- Strong Technological Support
A strong, dedicated and secure communication with INFINET- a state-of-the-art solution
Payee bank and customer receive funds with certainty during the day
- Instant service
Immediate credit with no time wasted
Sufficient intraday liquidity to cover their outgoing payments
Avoid cheque to transfer funds from one bank account to another
- Risk free
- Transfer is instant and significantly reduces settlement risk
- Reduces credit risk of the receiving participant as they settle the payment after it is accepted by the system
Avoid 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 funds below ₹ 1 Lac. and clearing throughout India.
Savings Account, Current Account, CC / OD Account holder
- Convenience at its best
Fund credited at the earliest to the beneficiary's account
Free inward remittance
No hassle of paper-based funds transfer and clearing system
No courier / postal charges
For more details, please visit any of our branches to avail the instant interbank money transfer facility through RTGS / NEFT.
* Conditions Apply
ENROUTING TO A THIRD PARTY WEBSITE
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