Real Time Gross Settlement System (RTGS) and National Electronic Fund Transfer system (NEFT)
Navabharat Bank offers RTGS and NEFT that enable an efficient, secure, economical and reliable system of transfer of funds from bank to bank as well as from remitters’ account in with them to the beneficiary’s account in another bank across the country.
RTGS is 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. Value of the transactions can be of Rs.2,00,000 and above.
NEFT is 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.
RTGS and NEFT systems work on all days except on Sundays and common National Holidays across the states.
Information required for transfer of Funds through RTGS and NEFT:
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