South Indian bank fund transfer

Hello sir I would like to know the fund transfer methods of SIB so please provide me suitable information about this facility of bank.

[Shaleen]

SIB FAST MONEY is the easiest, quickest and cheapest mode of transferring money to any South Indian Bank Account.

Money Transfers

Money transfers with South Indian Bank is tense free option

Be it within the country or abroad , online money transfer services, make the business of transferring money look one of the easiest jobs.

With all branches networked under the Core Banking system, you can send and receive money in an instant and meet your urgent needs.

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

NEFT Operational Timings
Monday -Saturday
8:00 am to 6:50 pm

Second and Fourth Saturdays will be holiday from Sept 1st 2015

Operational Timings provided is that of RBI.

Transactions at the branch level depends on individual branch business hours

Domestic Transfers - Transfer/Receive funds within India

International Transfers - Transfer/Receive funds to/from abroad

NEFT

National Electronic Funds Transfer (NEFT) system is an electronic funds transfer system introduced by Reserve Bank of India.

The NEFT system in contrast with the RTGS system settles in batches.

Procedure

For payments through NEFT, the remitter (customer) is required to submit the 'NEFT Funds Transfer Application Form’ along with his/her cheque for the amount to be transferred plus bank charges at any of branches.

The remitter shall be responsible for the accuracy of the particulars given in the NEFT Funds Transfer Application Form.

Fund Transfer Amount

There is no upper value limit or lower value limit for putting through an individual NEFT transaction.

NEFT transactions can be done inclusive of paisa component.

Charges

NEFT - Payments

Up to Rs 10000 :Rs.2.50/-per transaction

Less than Rs 1 lakh : Rs.5/- per transaction

Rs 1 lakh to less than Rs 2 lakh : Rs.15/- per transaction

Rs 2 lakh and above : Rs .25/- per transaction