Fund Transfer

Core Banking Solution (CBS) has opened up immense opportunities to expand our Banking horizon and provide quick and prompt services to our customers. NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement) are one of such services. Our Bank is registered as Direct Member with RBI for participating in NEFT and RTGS Payment System

Customers’ can do fund transfer 24*7 anywhere and anytime through Mobile Banking (KaGB mPAY) and Internet Banking.

Mobile Banking:

Types of accounts covered under the scheme - SB / CA/ OD /CC accounts

Transaction Limit

(Amount in lakhs)

Type of Transaction Mode of transaction Per transaction limits Per day Limit
Within our Bank Own account transfer 1.00 3.0
Third party transfer 1.00 3.0
Other bank NEFT 1.00 3.0
IMPS 0.50 0.50

Charges

NEF IMP
Amount Charges* Amount Charges*
Upto Rs.10,000.00 Rs.2.25 Upto Rs.10,000.00 Rs.2.50
Rs.10,001.00 to 1.00 Lakh Rs.4.75
Rs.1.00 Lakhs to 2.00 Lakhs Rs.14.75 Above Rs.10,000.00 Rs.5.00
Above Rs.2.00 Lakhs Rs.24.75

* Above mentioned charges are excluding GST.

Internet Banking:

Types of accounts covered under the scheme - SB / CA/ OD / CCA accounts

Transaction Limit

(Amount in lakhs)

Type of Transaction Mode of transaction Retail Customers Corporate Customers
Within our Bank Own Account transfer 3.00 50.00
Third party transfer 3.00 20.00
Other bank NEFT 3.00 10.00
RTGS 3.00 20.00
IMPS 0.50 NA
Quick Pay – without adding beneficiary 0.25 NA

Charges

NEFT RTGS IMPS
Amount Charges* Amount Charges* Amount Charges*
Upto Rs.10,000.00 Rs.2.25 Rs 2 Lakhs to 5 Lakhs Rs.24.50 Upto Rs.10,000.00 Rs.2.50
Rs.10,001.00 to 1.00 Lakh Rs.4.75
Rs.1.00 Lakhs to 2.00 Lakhs Rs.14.75 Above Rs.5.00 Lakhs Rs.49.50 Above Rs.10,000.00 Rs.5.00
Above Rs.2.00 Lakhs Rs.24.75

* Above mentioned charges are excluding GST.

As per RBI guidelines Bank has waived all charges for NEFT transactions initiated through Bank’s Mobile Banking App and Internet Banking. Waiver of charges is applicable only for NEFT transactions initiated from Savings bank accounts.