RTGS (Real Time Gross Settlement System)
NEFT/RTGS is used for transfer of funds among different bank. This method transfer the funds to specified account within a short period without any hassle of carrying huge amount of cash with you which is also a security threat. A person who wants to use this service is required to know the IFS code of specific bank where funds are to transferred and account number of the intended person whom account the money is to be transferred.
Our bank is also RTGS/NEFT enabled banks. So, you can use our IFS code ( Indian Financial System Code) and get your funds transferred easily throughput Indian territory.
RTGS is used to transfer funds equal to and more than 2 lakhs.
NEFT is used for transfer of funds less than 2 lakhs.