Sending Smart: Fast, Secure Fund Transfers (RTGS/NEFT)

Shri Veershaiv Co-op Bank is a direct member of the Reserve Bank of India and offers RTGS and NEFT Services for easy and secure inter-bank / customer fund transfers across India.

Benefits

• Banking in your pocket
• Real-time credit to beneficiary’s account
• Safe and secure mode of fund transfer
• Minimum remittance charges
• No courier/postal expenses
• Beneficiary can use funds on the same day

Through RTGS and NEFT Shri Veershaiv Bank’s customers can also receive remittances from their customers / associates maintaining accounts with other Banks. i.e., instead of receiving payments by way of cheque / pay orders / demand drafts etc., can receive funds through RTGS and NEFT system by giving 15 Digit Customer Account number and IFSC Code of Branch.

Amount of Remittance

Credit to Beneficiary’s Account

• RTGS provides real-time credit to the beneficiary’s account, ensuring instant and reliable transfer of funds.

Process of RTGS / NEFT

Follow the simple steps below to transfer funds using RTGS or NEFT:

• Submit the prescribed RTGS/NEFT form at any Shri Veershaiv Bank branch.
• Provide details: Beneficiary’s Bank & Branch Name, IFSC Code, Name, Account Type, Account Number, and Amount.
• The transaction message is securely sent electronically through the RTGS/NEFT system.
• The beneficiary’s bank credits the account on the same day, or on the next working day if it’s after business hours or a holiday.