Dr. Appasaheb urf Sa. Re. Patil Jaysingpur Udgaon Sahakari Bank Ltd., Jaysingpur.

NEFT / RTGS

Inter Bank Transfer enables electronic transfer of funds from the account of the remitter in one bank to the account of the beneficiary maintained with any other bank branch. There are two systems of Inter Bank Transfer – RTGS and NEFT both these systems are maintained by Reserve Bank of India.

Bank offers NEFT/RTGS facility under the sub-membership of ICICI Bank.

RTGS - Real Time Gross Settlement

This system processes funds transfer instructions at the time they are received (real time) and settles them individually (gross settlement). RTGS is the fastest and most secure way to transfer funds through banking channels in India.

NEFT - National Electronic Fund Transfer

NEFT operates on a Deferred Net Settlement basis where transactions are processed in batches, unlike the continuous settlement in RTGS.

RTGS Transactions

Day	Start Time	End Time
Monday to Friday	10:30 hrs	16:00 hrs
Saturday	10:30 hrs	16:00 hrs (2nd & 4th Saturday Holiday)

NEFT Transactions

Day	Start Time	End Time
Monday to Friday	10:30 hrs	16:00 hrs
Saturday	10:30 hrs	16:00 hrs (2nd & 4th Saturday Holiday)

Features of RTGS

Safest and most secure mode of fund transfer
Credit to beneficiary’s account on the same day
No courier or postal expenses for fund transfer
Customers can receive money through RTGS to their accounts from other banks
Credit to the beneficiary account will be on the same day or next working day (if after hours/holiday)
Minimum remittance amount as per RBI guidelines

Our Bank IFSC Code is ICIC00JUSBL — applicable for all branches.

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NEFT/RTGS