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FD Rates

RTGS / NEFT

RTGS :

Real Time Gross Settlement (RTGS) is a system for processing the transfer of funds in real-time and settling them on an instruction basis. 

Benefits :

  •  RTGS or Real Time Gross Settlement, is a speedy interbank money transfer system that operates through secure banking channels in India.
  • Improves the efficiency of clearing house settlement processes to speed up transaction settlement.  

 

NEFT :

NEFT stands for National Electronic Fund Transfer. This system operates on a Deferred Net Settlement basis, settling fund transfer transactions in batches rather than continuously like in RTGS. This facility is available in the bank.

Benefits :

  • Handle credit card payments from home.
  • It is faster because no demand drafts, cheques or letters are required.

Charges for RTGS/NEFT are listed in the following table :

Rs. 01 to Rs 200000 Rs. 15/- per transaction. 
Rs. 200001 & above Rs. 25/- per transaction.

 

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