The auction sale of old counter and furniture of our pookkottumpadam and edakkara evening branch proposed to be conducted on 26/11/2021 as per news paper advertisement dated 13/11/2021 has been postponed due to regulatory problems the revised date shall be published in due course.



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    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.


    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.



    Amount Slab

    NEFT (Service Tax Applicable)


    Up to Rs.10000/-



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



    Above Rs.1.00 lakhs Up to Rs.2.00 lakhs



    Above Rs.2.00 lakhs



    Amount Slab

    RTGS (Service Tax Applicable)


    From Rs.2.00 lakhs Up to Rs.5.00 Lakhs



    Above Rs.5.00 lakhs


  • 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

  • Transfer of funds from abroad

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  • ATM

    At present the Bank offers onsite ATM services at the below mentioned 16 branches.

    • Nilambur Main

    • Wandoor

    • Kalikavu

    • Pothukal

    • Mampad
    • Thrikkalngode
    • erumamunda
    • Vaniyambalam
    • Karappuram
    • Thiruvali
    • Karulai
    • Vazhikadavu
    • Pookkottumpadam
    • Cherukode
    • Pandikkad
    • Edakkara Evening

    Nilambur Co Operative urban Bank is now a part of the NPCI network, comprising of India

  • Billing Services


    content Will Be Updated Soon...