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22nd December 2017, 11:38 AM
Super Moderator
 
Join Date: Aug 2012
Re: Idbi rtgs

I will let you know more about IDBI Bank, Real Time Gross Settlement (RTGS) payment system so that you can go through it.

Benefits
Speed Guaranteed & Fast settlement of transactions
High Liquidity Lowering interest costs
Better Funds Management - Ensures optimum planning and utilization of funds
Hassle free High Value settlement - Elimination of collections thru physical H/V clearing
Reduces Paper work and improves efficiency
Eliminates Settlement Risk & Systemic Risk

RTGS Card Rates:

Inward Transactions: FREE
Outward Transactions:
a) Rs. 2 lakh to Rs. 5 lakh - Not exceeding Rs. 30 per transaction
b) Above Rs. 5 Lacs - Not exceeding Rs. 55 per transaction

Timings for Transactions:
Cut off timing for Branches: In line with RBIs timelines, transactions can be sent through the RTGS system within following time schedules:

Outward Transactions
On Weekdays 9:00 Am to 4:15 PM
On Saturdays 9:00 Am to 1:00 PM

CMS Cut off timings for processing the payment request on the same day:
Payment Request CMS Cut off timings for RTGS

On Weekdays: (Monday to Friday)
Bulk Upload at Customer end 16:00 Hrs
Payment request through electronic E-mail / fax 15:30 Hrs

On Saturday:
Bulk Upload at Customer end 13:00 Hrs
Payment request through electronic E-mail / fax 12:30 Hrs


Address:-
IDBI Bank
IDBI Tower, WTC Complex,
Cuffe Parade, Colaba, Mumbai 400005

Phone:-
1800-200-1947
1800-22-1070


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