Shri Vinayak Sahakari Bank offers RTGS & NEFT which enables an efficient, secure, economical and reliable system of transfer of funds from bank to bank as well as from remitters account in a particular bank to the beneficiarys account in another bank across the country.
Real Time Gross Settlement (RTGS) is an electronic payment system in which payment instructions between banks are processed and settled individually and continuously, on a real-time basis, throughout the day. It’s available for a transaction value of Rs.2.00 lacs and above.
National Electronic Fund Transfer (NEFT) is another electronic payment system in which payment instructions between banks are processed and settled on deferred net settlement (DNS) basis at fixed times during the day. There is no minimum or maximum stipulated transaction value for using this facility.