RTGS stands for Real Time Gross Settlement, which is another electronic payment system used in India for transferring funds between bank accounts. Like NEFT, RTGS is also provided by Shree Durgadevi Mahila Sahakari Bank as an important service to our customers.
RTGS is a fast and reliable way of transferring funds electronically, and it is primarily used for high-value transactions such as interbank transfers, large business payments, and other financial transactions that require immediate settlement.
To use RTGS, the customer needs to provide the beneficiary's bank account number, name, and IFSC code. The transaction can be initiated through, our mobile banking, or by visiting the bank branch. The minimum amount that can be transferred through RTGS is Rs. 2 lakhs, and there is no upper limit.
Bank charges a nominal fee for NEFT transactions, which varies depending on the amount being transferred. However, Shree Durgadevi Mahila Sahakari Bank offers this service free of cost to our business customers.
(Terms & Conditions apply)