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NEFT stands for National Electronic Funds Transfer whereas RTGS is short for Real-Time Gross Settlement. NEFT is a payment system where the settlement of funds takes place in half-hourly batches. RTGS is a payment system of continuous and real-time settlement of fund transfers.
The A & N State Cooperative Bank Ltd provides RTGS / NEFT services from all its Branches and HO for online transfer of funds to any Branch of any Bank which was connected to RBI-RTGS / NEFT Services.
Timing |
|
RTGS: 9.00 A.M to 4.00 PM |
|
NEFT: 8.00 A.M to 4.00 PM |
RTGS/NEFT Service Charges |
|
|
Amount |
Charges |
|
Up to Rs 10000/- |
9/- |
|
Rs 10001 — Rs 100000 |
11.8/- |
|
Rs 100001 — Rs 200000 |
17.7/- |
| Rs 200001 — Rs 500000 |
23.6/- |
|
Rs 500000 & Above |
47.2/- |
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