The National Electronic Fund Transfer (NEFT) system is a nation-wide system that facilitates individuals, firms and corporates to electronically transfer funds from Customer’s Home Branch to any individual, firm or corporate having an account with any other bank branch in the country. For being part of the NEFT funds transfer network, a bank branch has to be NEFT-enabled.
IT Services
NEFT (National Electronic Fund Transfer)
- NEFT operates on all days of the Year, including Holidays.
- NEFT operates in half-hourly batches everyday.
RTGS (Real Time Gross Settlement)
Real Time Gross Settlement (RTGS) is a funds transfer mechanism where transfer of money takes place from one bank to another on a ‘real time’ and on ‘gross’ basis. This is the fastest possible money transfer system through the banking channel.
- RTGS is a large value (minimum value of transaction should be ₹ 2,00,000.00) funds transfer system.
- Customers can access the RTGS facility between 7 am to 6:00 pm on Monday to Saturday (Except 2nd and 4th Saturday).
