GSTIN : 32AAATT2863N1Z7
Updates
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.

Fund Transfer

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