GSC Bank RTGS/NEFT Form PDF

PDF Name	GSC Bank RTGS/NEFT Form
No. of Pages	1
PDF Size	0.07 MB
Language	English
Tags	NEFT/RTGS Forms
PDF Category	Banking & Finance
Source / Credits	gscbank.co.in
Uploaded By	Pradeep

GSC Bank RTGS/NEFT Form - Summary

NEFT

National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer. Under this system, individuals can electronically transfer funds from their account to any individual having an account with any other bank branch in the country participating in the system. NEFT can be done through timings: 24 x 7 x 365 on Digital Banking Channels

Transaction Limits (Digital Banking Channel)

Type of Account	Limit / Transaction	Limit / Day	Charges
Savings Account	Rs. 2,00,000	Rs. 5,00,000	Nil
Current Account	Rs. 2,00,000	Rs. 5,00,000	Nil

RTGS

‘RTGS’ stands for Real-Time Gross Settlement, which means the continuous (real-time) settlement of funds individually on an order by order basis. ‘Real Time’ means the processing of instructions at the time they are received rather than at some later. Considering that the fund settlement takes place in the books of the Reserve Bank of India, the payments are final and irrevocable. RTGS can be done through

Timings: 7:00 am to 5:30 pm on Digital Banking Channel