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.
Types of accounts covered under the scheme - SB / CA/ OD /CC accounts
(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 |
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.
Types of accounts covered under the scheme - SB / CA/ OD / CCA accounts
(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 |
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.