2023 2024 Student Forum > Management Forum > Main Forum

 
  #2  
5th November 2015, 01:34 PM
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Re: RTGS Code Of South Indian Bank

Hello sir I am Mohit, can you please tell me when was Real Time Gross
Settlement (RTGS) started in South Indian Bank???
  #3  
5th November 2015, 01:37 PM
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Join Date: Apr 2013
Re: RTGS Code Of South Indian Bank

RTGS is an electronic payment system, which provides online settlement of payments between financial institutions.

In this system, payment instructions between banks are processed and settled individually and continuously throughout the day.

The South Indian Bank started RTGS operations from 16th July 2004.
Fund Transfer Amount

Minimum amount for RTGS transaction is Rs. 2.00 lac.

Charges

RTGS payments:

Upto 5 lakhs: Rs.25/- per transaction
5 lakhs & above: Rs.50/- per transaction

RTGS receipts: NIL

Operational Timings:
Monday –Saturday: 8:00 am to 04:20 pm

RTGS of South Indian Bank



For taking more info about RTGS here I am attaching a file:
Attached Files
File Type: pdf RTGS of South Indian Bank.pdf (50.3 KB, 123 views)


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