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Services

Services

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  • RTGS/NEFT

    RTGS

    Real Time Gross Settlement(RTGS) refers to fund transfer systems in which the transfer of money or securities takes place from one bank to another on a 'real time' and on 'gross' basis. In Real Time settlements, payment transaction is not subjected to any waiting period. The transactions are settled as soon as they are processed. 'Gross settlement' means that the transaction is settled on one to one basis without netting with any other transaction.

    NEFT

    National Electronic Funds Transfer (NEFT) is an electronic funds transfer system which enables transfer of funds to other bank accounts across the country. The advantage with NEFT is that it is a secure, safe, quick and cost-effective mean to transfer funds especially for retail remittances.

    CHARGES FOR NEFT/RTGS

    Sl.No

    Amount Slab

    NEFT (Service Tax Applicable)

    1

    Up to Rs.10000/-

    3.00

    2

    Above Rs.10000/- Up to Rs.1.00 lakhs

    5.00

    3

    Above Rs.1.00 lakhs Up to Rs.2.00 lakhs

    15.00

    4

    Above Rs.2.00 lakhs

    25.00

    Sl.No

    Amount Slab

    RTGS (Service Tax Applicable)

    1

    From Rs.2.00 lakhs Up to Rs.5.00 Lakhs

    30.00

    2

    Above Rs.5.00 lakhs

    55.00


  • Fund Transfer

    Fund Transfer is transferring money from your accounts (Savings, Current and Cash Credit Accounts) to any type of account with any Bank. You can also transfer funds from your accounts with any other bank to your deposit accounts, other than term deposit accounts, and Loan Accounts with us. The following are the different types of fund transfers available.

    • NEFT: National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer. 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.

    Transaction Timing NEFT
    Monday To Saturday (Except 2nd and 4th Saturday) 8 Am to 6.30 Pm
    Product Slab Commission
    NEFT 1 to 10000 3.00
    10001 to 100000 5.00
    100001 to 200000 15
    200001 to 500000 30
    500001 above 55
    • RTGS: The acronym 'RTGS' stands for Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds individually on an order by order basis (without netting). 'Real Time' means the processing of instructions at the time they are received rather than at some later time.'Gross Settlement' means the settlement of funds transfer instructions occurs individually (on an instruction by instruction basis). Considering that the funds settlement takes place in the books of the Reserve Bank of India, the payments are final and irrevocable

    The RTGS system is primarily meant for large value transactions. The minimum amount to be remitted through RTGS is Rs:- 2 lakh.

    The RTGS service window for customer’s transactions is available from 9.00 hours to 16.30 hours.

    Product Slab Commission
    RTGS 200001 to 500000 30.00
    500001 above 55.00

    Different B/w NEFT and RTGS?

    NEFT is an electronic fund transfer system that operates on a Deferred Net Settlement (DNS) basis which settles transactions in batches. In DNS, the settlement takes place with all transactions received till the particular cut-off time. These transactions are netted (payable and receivables) in NEFT whereas in RTGS the transactions are settled individually. Any transaction initiated after a designated settlement time would have to wait till the next designated settlement time Contrary to this, in the RTGS transactions are processed continuously throughout the RTGS business hours

    • IMPS : (Immediate Payment Service) this facility will be made available in the near future.

  • Transfer of funds from abroad


    content will be updated soon.

  • ATM

    At present the Bank offers onsite ATM services at the below mentioned 8 branches.

    • Nilambur Main

    • Wandoor

    • Kalikavu

    • Pothukal

    • Mampad
    • Thrikkalngode
    • erumamunda
    • Vaniyambalam

    Nilambur Co Operative urban Bank is now a part of the NPCI network, comprising of India’s Major Public, Co-operative & Private Sector banks. So now you can use your ATM/Rue Pay Debit Card for balance enquiry and cash withdrawal at more than 1.24 lac ATM's across India. You can also explore the world of POS and E-Commerce settlements using our Rue Pay ATM Cards.

    Services that our ATM centers provide:-

    • Balance Enquiry
    • Cash withdrawal.
    • Mini statement.
    • PIN Change Request

  • Billing Services

       
    Telephone and mobile billing       
                                                                               
       
               
    Bus ticket booking      
                             
       
                       

  • DBT/ NACH

    content Will Be Updated Soon...