What is RTGS and NEFT?
RTGS and NEFT Charges
Customer Requirements for RTGS and NEFT
RTGS and NEFT are secure electronic payment systems offered by AZPSS Bank that enable fast and reliable fund transfers across India through regulated banking channels
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RTGS & NEFT Facility
Real Time Gross Settlement (RTGS) and National Electronic Fund Transfer (NEFT) are secure electronic payment systems that enable fast and reliable fund transfers across India through regulated banking channels.
Real Time Gross Settlement (RTGS)
- Processing of funds transfer instructions takes place at the time they are received (real time).
- Settlement occurs individually on an instruction-by-instruction basis (gross settlement).
- Fastest possible interbank money transfer facility available in India.
- Transfers in real-time.
- Faster clearing house settlement issues.
- Bank Hours : 09:30 AM to 04:30 PM
National Electronic Fund Transfer (NEFT)
- Operates on a Deferred Net Settlement basis.
- Fund transfer transactions are settled in batches.
- Secure, RBI-regulated system.
- Quick and cost-effective nationwide money transfers.
- Accessible through internet or mobile banking.
- Suitable for individuals and businesses.
- Provides reliable proof of payment.
- Predictable settlements.
- Eco-friendly, paperless transactions.
- Bank Hours : 09:30 AM to 04:30 PM
Customer Requirements
- Beneficiary details such as beneficiary name and account number.
- Name and IFSC of the beneficiary bank branch.
NEFT & RTGS Charges
NEFT
| Amount | Charges |
|---|---|
| Upto 1 Lakh | Rs 5 |
| 1 Lakh and above | Rs 25 |
RTGS
| Amount | Charges |
|---|---|
| 1 Lakh TO 5 Lakh | Rs 25 |
| Above 5 Lakh | Rs 50 |
Both RTGS and NEFT are regulated by the RBI for secure transactions
