Our Bank’s customers can avail faciliy of transfer of funds from their account with our Bank to beneficiary’s account with another destination Bank Branch, that is registered with RBI’s RTGS system on a real time and on gross settlement basis. They can also receive remittances through this system. This system is the fastest possible interbank money transfer facility available through secure banking channels in India.
RTGS/NEFT enables an efficient, secure, economical and reliable system of transfer of funds from bank to bank as well as from remitter’s account in a particular bank to the beneficiary’s account in another Bank across the country. It is an electronic payment system in which payment instructions between banks are processed and settled individually and continuously on a real time basis.