RTGS/NEFT Facility available


NEFT (National Electronic Funds Transfer)


With NEFT, you can transfer any amount to the recipient’s account in a one-on-one transfer basis. NEFT transactions don’t have a maximum limit for funds that can be transferred in a single day.


Timings for NEFT


The NEFT system is available round the clock throughout the year on all days (24x7x365). Funds are transferred in batches that are settled in 48 half-hourly time slots throughout the day.


Transaction limits


There is no maximum or minimum limit on the amount of funds that could be transferred through NEFT. With NEFT, you can initiate transactions to transfer funds from one bank account to another throughout India. However, you must make sure that the banks are a part of the NEFT transfer network (another way to say this is that the banks should be NEFT-enabled).


RTGS (Real Time Gross Settlement)


Business owners can use RTGS when they need to transfer large amounts instantly. One advantage that RTGS has over the other methods is the transaction speed, since the entire amount is transferred in real time.


Timings for RTGS


RTGS is available for customer and inter-bank transactions round the clock — except for the interval between ‘end-of-day’ and ‘start-of-day’ processes (these timings will be duly broadcasted through the RTGS system).


Transaction limits


There’s a minimum limit of Rs. 2 lakhs for RTGS transactions, and there’s no maximum limit as such.


Charges as follows:
Transaction Type Transfer Amount FIXED CHARGE (Including GST)
NEFT Rs.1/-  to 100000/- Rs.5.90/-
NEFT Rs.100001/- to 200000/- Rs.17.70/-
NEFT Greater than Rs.200000/- Rs.29.50/-
RTGS Rs.200001/- to 500000/- Rs.29.50/- 
RTGS Greater than Rs. 500000/- Rs.59.00/-