NEFT/RTGS

NEFT : National Electronic Fund Transfer 

NEFT enables you to electronically transfer funds from any bank branch to any individual with an account with any other bank branch in the country. The objective is to relieve the stress on the existing paper-based fund’s transfer and clearing system.

Visiting Branch as per Branch timings.

Timings : – Through Branches
Monday to Friday  :­ From 09.00 am to 01.30 pm  and 2.15 pm to 5.00 pm.

1^st, 3^rd & 5 Saturday :­ From 09.00 am to 01.30 pm  and 2.15 pm to 5.00 pm.

(Excluding Bank Holidays)

RTGS  : Real-Time Gross Settlement

A special fund transfer system where there is a continuous and real-time settlement of fund transfers, individually on a transaction-by-transaction basis. Real-time means that instructions are processed as soon as they are received, whereas gross settlement means that individual funds transfer instructions are settled.

It is a fund mechanism that enables you to transfer money/ securities instantly (in real-time). Once processed, real-time gross settlement payments are final and irrevocable.