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Allahabad Bank RTGS/NEFT Form in Hindi
As per the Government of India Gazette No. G.S.R 156(E) dated 04th March 2020, Allahabad Bank has been amalgamated into Indian Bank with effect from 01st April 2020.
RTGS (real time gross settlement) and NEFT (national electronic funds transfer) are electronic payment systems that allow individuals to transfer funds between banks. Fund transfer under NEFT is settled in batches as opposed to the real-time settlement process in RTGS.