RTGS

• RTGS means Real Time Gross Settlement

• Transfer of money to any bank within India having IFSC Code(part of the Banking Network) on real time basis

• Customer should ensure proper IFSC code and A/c number of Beneficiary

• Transfer is very quick, safe and highly secured

• Transfer is totally a seemless process

• The RTGS system is primarily meant for large value transactions

• The amount is automatically credited to the beneficiary account instantly

• The beneficiary is intimated on the transfer through SMS

• Bank is not responsibile for the transfer to a wrong bank or account given by customer in their request

• Our bank's IFSC Code is SRCB0SAM001

• Brief narration can also be given while making the transfer

• Customers are advised to double check the IFSC code and beneficiary A/c number

• RTGS system doesn't cross check the A/c name of the beneficiary

• The customer should demand the UTR no. for the transfers made which is used for tracing

• In the event of non-existence of the IFSC and beneficiary A/c no. combination the transaction is returned and the money is credited back on the same day before the day end settlement

• Customer has to reinitiate the transaction afresh in event of any transaction returns

• Currently outgoing transfers are available during bank business hours

• Incoming transfers are available as per RBI's schedules