RAMANAGARAM URBAN CO-OPERATIVE BANK LTD

RTGS/NEFT Service

RTGS / NEFT SYSTEM SCHEME FOR DOMESTIC INTER-BANK / CUSTOMER FUNDS TRANSFER

The Ramanagaram Urban Co-Operative Bank Ltd is Direct Member of RTGS and NEFT and offers Services to its Customers for receiving and sending the remittances to any member Bank of RTGS across India.

Benefits :

Credit to Beneficiary's Account on the Same Day
Safest and Secure Mode of Fund Transfer
Lower Remittance Charges
No Courier/Postal expenses as in the case of Demand Draft etc.
Money can be put to use by beneficiary on the same day

Through RTGS and NEFT Customers can receive remittances from their customers / associates maintaining accounts with other Banks or sent the remittances to other Bank account. i.e., instead of receiving payments by way of cheque / pay orders / demand drafts etc., can receive funds through RTGS and NEFT system by giving 15 Digit Customer Account number and IFSC Code of Branch.

Working of The RTGS/NEFT :

Submit the application form in a prescribed format Bank Branch.
Mention Beneficiary Bank and Branch Name with Indian Financial System Code (IFSC) and Beneficiary’s Name, Account Type, 15 Digit Account Number and Amount to be remitted.
Message will be sent in electronic form in a highly secured manner through RTGS / NEFT System to Beneficiary Bank’s Branch.
Credit to the Beneficiary Account will be given by Beneficiary’s Bank’s Branch on the same day and in case of holiday / after business hours, credit will be given on next business date.

Timings :

RTGS For Customer Transaction
RTGS For Customer Transaction		Day	Time
Monday to Saturday (Excluding 2nd and 4th Saturday)	From 10:00 AM To 4:30 PM
NEFT For Customer Transaction
NEFT For Customer Transaction		Day	Time
Monday to Saturday (Excluding 2nd and 4th Saturday)	From 10:00 AM To 4:30 PM

For IFSC Codes of the Branches refer to Branch Locator