Transfer Your Funds Anywhere in India in minutes (Selected Banks and Branches) Minimum amount per transaction Rs. Two Lacks There is no upper ceiling of RTGS transactions.
The beneficiary bank credits the beneficiary account within two hour of receiving the funds message.
NEFT/RTGS SERVICE
Reserve Bank of India has introduced a system called National Electronic Funds Transfer System (NEFT) through which fund transfer operation would take place among member Banks and financial institutions. Our bank is one of the participants in the above system. Bank offers NEFT/RTGS facility under the sub-membership of Kotak Mahindra Bank.
The Objectives of the NEFT/RTGS System are:
To establish an Electronic Funds Transfer System to facilitate an efficient, Secure, economical, reliable and expeditious system of funds transfer and Clearing in the banking sector throughout India, and To relieve the stress on the existing paper based funds transfer and clearing system.