Skip to content


NEFT (National Electronic Fund Transfer)

Transfer of amount from Rs. 1 to No Limit in any Bank/Account Anywhere in INDIA

NEFT System :- National Electronic Funds Transfer (NEFT) system is a nationwide funds transfer system to facilitate transfer of funds from any bank branch to any other bank branch. The system uses the concept of centralized accounting system and the bank's account that is sending or receiving the funds transfer instructions, gets operated at one centre.
Beneficiary receives the money :-The beneficiary gets the credit on the same Day or the next Day depending on the time of settlement.
The information required :- The essential information that the remitting customer has to furnish is: Beneficiary details such as beneficiary name and account number. Name and IFSC of the beneficiary bank branch. IFS Code (IFSC);

Different from MICR code :- Indian Financial System Code (IFSC) is an alpha numeric code designed to uniquely identify the bank-branches in India. This is 11 digit code with first 4 characters representing the banks code, the next character reserved as control character (Presently 0 appears in the fifth position) and remaining 6 characters to identify the branch.

Receive/send remittances through NEFT :-
This system can be used only for remitting Indian Rupee among the participating banks within the country.

Way of remitting customer can track the remittance transaction :-
The remitting customer can track the remitting transaction through the remitting branch only, as the remitting branch is informed about the status of the remitted transactions.

Walk in customer remit can cash through NEFT :-
Walk in customers can remit cash through NEFT from any of the RDC Branch

Real Time Gross Settlement System (RTGS)

Transfer - any amount of Rs. 2, 00,000 and above to any Bank/Account Anywhere in INDIA

About RTGS System :-
"RTGS" stands for Real Time Gross Settlement.
RTGS system is a funds transfer mechanism where transfer of money takes place from one bank to another on a "real time" and on "gross" basis.
This is the fastest possible money transfer system through the banking channel.
Settlement in "real time" means payment transaction is not subjected to any waiting period.
The transactions are settled as soon as they are processed.
"Gross settlement" means the transaction is settled on one to one basis without bunching with any other transaction.

Minimum / maximum amount stipulation for RTGS transaction :-
The RTGS system is primarily for large value transactions.
The minimum amount to be remitted through RTGS is Rs.2 lakh. There is no upper ceiling for RTGS transactions.
The remitting customer has to furnish the following information to a bank for effecting a RTGS remittance :-
Amount to be remitted
Account number which is to be debited
Name of the beneficiary bank
Name of the beneficiary customer
Account number of the beneficiary customer
Sender to receiver information, if any
The IFS code of the receiving branch

Your Bank is one of the few banks in India who has the facility of Straight Through Processing enabled for RTGS. This helps your money to reach its destination in "QUICKEST" time.

Fixed Deposite Interest Rates applicable
W.E.F Dt. : 03-04-2023:

   15 days to 45 days : 3.70% | 46 days to 90 days : 4.50% | 91 days to 179 days : 4.75% | 180 days to below 1 year : 6% | 1 year to less than 2 years : 7% | 2 years to 3 years: 7.10%|Saving Deposit-All(With Sp. Savings Deposit : 3.25%