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The RTGS system facilitates transfer of funds from accounts in one bank to another on a "real time" and on "gross settlement" basis. This system is the fastest possible interbank money transfer facility available through secure banking channels in India.
RTGS enables an efficient, secure, economical and reliable system of transfer of funds from bank to bank as well as from remitter’s account in a particular bank to the beneficiary’s account in another bank across the country.
An electronic payment system in which payment instructions between banks are processed and settled individually and continuously, on a real time basis.
1. Safest and Secure Mode of Fund Transfer
2. Credit to Beneficiary's Account on the Same Day
3. No Courier/ Postal expenses to Fund Transfer
4. Through RTGS Bank’s customers can also receive remittances from their associates, maintaining accounts with other Banks.
5. Credit to the Beneficiary Account will be given by the branch of the Beneficiary’s Bank on the same day and in case of holiday / after
business hours, credit will be given on next working day.
Eligibility:
Customers of our Bank’s, RTGS enabled branches can send remittances under RTGS Scheme to any destination Bank / Branch that is registered with RBI’s RTGS
system (www.rbi.org.in/Scripts/Bs_viewRTGS.aspx)
Amount of Remittance:
Minimum amount of remittance under Customer Transaction through RTGS is as
per RBI guidelines.
How to use:
1. Submit the funds transfer application form in a prescribed format to RTGS enabled Bank Branch.
2. Mention Your (applicant) details & Beneficiary Bank and Branch Name with Indian Financial System Code (IFSC), Beneficiary’s Name, Account Type, Account Number and Amount to be
remitted etc as per RBI guidelines.
Terms and
Conditions: click to see
Our Fort Mumbai branch IFSC Code: KUCB0488036
Download Fund Transfer Application Form
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