💳 RTGS (Real Time Gross Settlement)
The RTGS system allows continuous, real-time settlement of funds on an individual order basis. It is designed for high-value transactions, ensuring immediate and secure fund transfers.
📌 What is RTGS?
‘RTGS’ stands for Real Time Gross Settlement.
- Real Time: Transactions are processed immediately when instructions are received.
- Gross Settlement: Each funds transfer is settled individually on an instruction-by-instruction basis.
🔄 Difference Between RTGS and NEFT
NEFT (National Electronic Funds Transfer) operates on a Deferred Net Settlement (DNS) basis. Transactions are settled in batches, typically hourly. RTGS, on the other hand, processes transactions individually and continuously during business hours.
💰 Minimum / Maximum Amount for RTGS
- Minimum amount: ₹2,00,000
- Maximum amount: No upper limit
💳 Processing / Service Charges
- Inward RTGS transactions: Free of charge
- Outward RTGS transactions:
- Amounts above ₹2 lakh and up to ₹5 lakh: Free
- Amounts above ₹5 lakh: As per bank charges
📄 Documents / Information Required from Remitting Customer
- Amount to be remitted
- Account number to be debited
- Name of the beneficiary bank
- Name of the beneficiary customer
- IFSC of the receiving branch
- Account number of the beneficiary customer
IFSC CODE of Our Bank: HDFC0CJALOR
** Terms & Conditions Apply **
For more information, please contact your nearest branch of Jalore Nagrik Sahkari Bank Ltd.