REAL TIME GROSS SETTLEMENT SYSTEM (RTGS)
- Transfer - any amount of Rs. 2,00,000 and above within 1 Hour to any Bank / Account anywhere in India.
- There will be no floor or cap value for customer transactions, which are sent to the RTGS System for settlement.
Timings For Transaction
- Monday to Friday: 8.00 am to 4.00 pm
- Saturday: 8.00 am to 4.00 pm (Except the Second and Fourth Saturday.)
- Weekly off Sunday
NATIONAL ELECTRONIC FUND TRANSFER (NEFT)
- National Electronic Funds Transfer (NEFT) system is a nationwide funds transfer system to facilitate the transfer of funds from any bank branch to any other bank branch.
- The system uses the concept of a centralized accounting system, and the bank's account that is sending or receiving the funds' transfer instructions gets operated at one centre.
Timings For Transaction
- Monday to Friday: 8.00 am to 6.00 pm
- Saturday: 8.00 am to 6.00 pm. (Except the Second and Fourth Saturday.)
- Weekly off Sunday
