Fund Transfer

  Inter Bank Fund Transfer enables electronic transfer of funds from the account of the remitter in one Bank to the account of the beneficiary maintained with any other Bank branch. There are two systems of Inter Bank Transfer - RTGS ,NEFT presently. RTGS /NEFT systems are maintained by respective departments of Reserve Bank of India.

  Individuals, firms or corporate maintaining accounts with our bank branch can receive funds through the RTGS / NEFT system. It is, therefore, necessary for the beneficiary to have an account with the RTGS / NEFT enabled destination bank branch in the country.

  The structure of charges that can be levied on the customer for NEFT is given below:

1. Inward transactions at destination bank branches (for credit to beneficiary accounts) – Free, no charges to be levied from beneficiaries.
2. Outward transactions at originating bank branches – Free, no charges to be levied from remitter.