RTGS / NEFT Services
The acronym 'RTGS' stands for Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds individually and is the fastest possible money transfer system through the banking channel. RTGS is an inter-bank funds transfer system that makes transactions in ‘real time’.
National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer. Under this Scheme, individuals can electronically transfer funds from any bank branch to any individual having an account with any other bank branch.
NEFT Charges
| S. NO. | AMOUNT | CHARGES |
| 1 | Upto 10,000 | 5/- |
| 2 | 10,001 to 50,000 | 10/- |
| 3 | 50,001 to 2,00,000 | 20/- |
| 4 | 2,00,001 to 10,00,000 | 25/- |
| 5 | 10,00,001 to 50,00,000 | 25/- |
| 6 | Above 50,00,000 | 25/- |
RTGS Charges
| S. NO. | AMOUNT | CHARGES |
| 1 | 2,00,001 to 10,00,000 | 25/- |
| 2 | 10,00,001 to 50,00,000 | 40/- |
| 3 | Above 50,00,000 | 50/- |