- National Electronic Funds Transfer (NEFT) is electronic funds transfer system.
- This facilitates transfer of funds to other bank accounts across the country.
- This is a simple, secure, safe, fastest and cost effective way to transfer funds especially for Retail remittances.
- Customers can remit any amount.
- For NEFT customer has to furnish the following particulars:
- IFSC of the beneficiary Bank/Branch
- Full Account number of the beneficiary.
- Name of the beneficiary.
The facility is available through Branch and online mode through mobile banking & internet banking.
- Real Time Gross Settlement (RTGS) is a system where the real Time processing of funds transfer.
- RTGS is the fastest possible interbank money transfer facility available through secure banking channels in India.
- Minimum amount Rs, 2 lacs for RTGS transactions.
- For RTGS customer has to furnish the following particulars:
- IFSC of the beneficiary Bank/Branch
- Full Account number of the beneficiary.
- Name of the beneficiary.
The facility is available through Branch & internet banking.