MONEY TRANSFER MADE EASY IN BANKS NOW

MONEY  TRANSFER  MADE  EASY  IN  BANKS  NOW

RTGS/NEFT

Real Time Gross Settlement System (RTGS)&

National Electronic Fund Transfer system (NEFT)

Bank offers Real Time Gross Settlement System (RTGS) & National Electronic Fund Transfer system (NEFT) which 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.

1.RTGS:

An electronic payment system in which payment instructions between banks are processed and settled individually and continuously, on a real time basis, throughout the day. Available for transaction value of Rs.1.00 lac and above.

2.NEFT :

Another electronic payment system in which payment instructions between banks are processed and settled on deferred net settlement (DNS) basis at fixed times during the day. There is no minimum or maximum stipulated transaction value for using this facility.

Note :RTGS and NEFT systems work on all days except on Sundays and common National Holidays across the states.

Information Required for transfer of Funds

·  Amount to be remitted

·  Account no. to be debited

·  Name of the beneficiary bank

·  Name of the beneficiary customer

·  Account no. of the beneficiary customer

·  Sender to receiver information, if any

·  IFSC code of the receiving branch.(IFSC Code is printed on cheque leaves.)

The charges in SBI are as follows:- 

These facilities are available  at all  Core Banking branches .For further details, please contact  nearest branch.	Inward = NIL	Outward : Upto Rs 1 lac- Rs 5/- per transaction Above Rs 1 lac –Rs 25/- per transaction
7. RTGS Money transfer	Inward = NIL	Outward : Rs 1 lac to Rs 5 lac- Rs 25/- per transaction Above Rs 5lac - Rs 50/- per transaction
SFMS (IFN 100)	Inward = NIL	Outward Rs 1/- per Rs 1000/- or part there of subject to a minimum of Rs20/- and a maximum of rs 2000/-.
ECS	Credit/Debit = NIL

வங்கிகளில் அறிமுகப்படுத்தபட்டுள்ள சில புதிய வசதிகளில் இதுவும் ஒன்று.

குறைந்த கட்டணத்தில் விரைவாக பணம் அனுப்ப சிறந்த வழி.  ஒரே வங்கியில் பணம் பரிமாற்றம் செய்தால் கட்டணம் கிடையாது.  டிராப்ட் அல்லது செக் மூலம் பணம் அனுப்ப வேண்டிய அவசியம் இல்லை. 

Credit: SBI Website.