(Real Time Gross Settlement) is the fastest possible money transfer system through the banking channel. Because settlements are made in real time, transactions are not subject to any waiting periods. We at have tied-up with Axis Bank, Lakshmi Vilas Bank and ICICI Bank to process RTGS requests directly from Sangha Mitra Co - Operative Urban Bank Ltd
Minimum txn Limit - Rs 2 Lakhs
Maximum txn Limit - No Upper limit for RTGS transactions through Branch. Due diligence is required for high value transactions.
National Electronic Funds Transfer is a nation-wide payment system. Under this Scheme, individuals can electronically transfer funds from any bank branch to any individual having an account with any other bank branch in the country participating in the Scheme. These transactions are settled in batches.
Minimum and Maximum Limit - There is no minimum and maximum limit under NEFT transfer.
Immediate Payment Service (IMPS) is an instant inter-bank electronic fund transfer service available 24x7, throughout the year including Sundays and any bank holiday. The beneficiary account is credited immediately when a Fund Transfer request is made through Mobile phone. Customers can transfer and receive funds via IMPS using their registered Mobile number and Mobile Money Identifier (MMID) or using their Account number and IFSC code. We have partnered with Axis Bank and Lakshmivilas Bank to provide this facility to Sangha Mitra Co - Operative Urban Bank Ltd Customers.
A demand draft is a negotiable instrument similar to a bill of exchange. A bank issues a demand draft to a client (drawer), directing another bank (drawee) or one of its own branches to pay a certain sum of money to the specified party (payee). A demand draft can also be compared to an order cheque. We, at Sangha Mitra Co - Operative Urban Bank Ltd can issue Demand Drafts through our partner banks, payable anywhere in India.
