RTGS

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RTGS – Enjoy Convenient Way to Transform Your Money to Bank

What is RTGS?

Are you looking to transfer funds immediately to another bank? Banas Bank presents RTGS services allowing customers to transfer funds on a 'real time' which can be defined as the continuous (real-time) settlement of funds.

Link Name

BANAS BANK IFSC (INDIAN FINANCIAL SYSTEM CODE) FOR ALL BRANCHES IS: GSCB0BKD001

• Transfer funds from one bank to another on a "real time" and on "gross" basis.

• This happens through the secure network INFINET provided by IDRBT, an initiative of Reserve Bank of India for research in Banking Technology.

• RTGS is the fastest possible money transfer system through the banking channel in India.

• RTGS can effectively replace payment by Demand Drafts, Pay Orders etc.

What You Need to Submit? (Remitting customer)

• Amount to be remitted.

• His/her account number which is to be debited.

• Name of the beneficiary bank.

• Name of the beneficiary customer.

• IFSC of receiving branch.

• Account number of the beneficiary customer.

Channels for doing NEFT:

• Mobile Banking

• Branch

In the competitive environment, various types of services are being provided by Bank. To provide speedy financial transaction through new technology, we have started to provide “RTGS” facility to customers in association with The Gujarat State Co-op Bank Ltd.

Criteria	RTGS
Settlement	Real time (Faster)
Full-Form	Real-Time Gross Settlement
Timings on Mon – Fri	10:00 am – 5:00 pm
Timings on 1^st& 3^rdSaturday	10:00 am – 5:00 pm
Minimum amount of money transfer limit	2 lacs
Maximum amount of money transfer limit	No Limit
When does the Credit Happen in beneficiary account	Real time between Banks
Suitable for Digital Banking Channels Timing	Large Money Transfer 24 x 7 x 365