RTGS means Real Time Gross Settlement, is also fund transfer mechanism. An RTGS payment system is one in which payment instructions between banks are processed and settled individually on real time basis. RTGS is fastest money transfer system through the banking rather than NEFT. This is an efficient, secure, economical and reliable system of funds transfer between banks. In RTGS, customer can transfer amount Rs. 2,00,000/- and above within 2 hours to any other bank account anywhere in India. Our bank is Sub-member bank of YES Bank Ltd to provide RTGS facility to the Customers.
All our branches are RTGS enabled.
The remitting customer has to furnish the following information to a bank for initiating a RTGS remittance:
- Name of the Beneficiary Bank and Branch.
- Name of the Beneficiary Customer.
- Account Number of the Beneficiary Customer.
- IFSC code of the Receiving Branch.(IFSC Code is printed on cheque leaves.)
- Amount to be Remitted.
- Account Number to be Debited
| Amount | Charges + Taxes |
|---|---|
| 1-50,000/- | 5/- |
| 50,001-1,00,000/- | 10/- |
| 1,00,001-2,00,000/- | 20/- |
| 2,00,001-5,00,000/- | 30/- |
| Above 5,00,001/- | 50/- |
